In October, exports expanded 21.3% over the same month last year to reach USD 18.0 billion. Although coming in slightly below the 23.2% expansion recorded in September, the reading was the tenth consecutive month of double-digit growth in exports, which suggests external demand remains strong. Owing to the sustained recovery seen since the beginning of the year, exports are nearing pre-crisis levels, with the 3-month sum rising to USD 52.6 billion in October, which is not far from the USD 56.9 peak tallied in July 2008. Meanwhile, growth in imports slowed markedly in September, falling to an annual rate of 6.8% (September: +26.1% year-on-year) to reach USD 27.7 billion. As has been the case in recent months, imports continued to be primarily driven by non-oil imports, which expanded 9.9% over the same month last year. Despite the slowdown in imports, the trade deficit increased from USD 9.1 billion in September to USD 9.7 billion. During the last twelve months, exports amounted to USD 197.8 billion, and thus are poised to exceed the government's target of USD 200 billion set for the current fiscal year, which will end in March 2011.
India Trade Balance
Exports remain robust in October
December 1, 2010
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India Economic News
October 17, 2016
Recently-released data related to India’s external sector showed that the trade deficit totaled USD 8.3 billion in September, which was a smaller shortfall than the USD 10.2 billion gap recorded in September 2015 (August 2016: USD 7.7 billion deficit).
October 15, 2016
In September, consumer prices fell 0.23% from the previous month, which followed August’s flat growth.
October 12, 2016
The fall in industrial production moderated in August, after recording the largest contraction since November 2015 in July.
October 5, 2016
Activity in India’s manufacturing sector lost steam in September.
October 4, 2016
The newly facelifted Reserve Bank of India (RBI) decided to ease monetary policy at a scheduled meeting on 4 October, cutting the repurchase rate from 6.50% to 6.25%—an over five-year low.