In April, the trade balance narrowed to a USD 13.5 billion deficit, down from the USD 13.9 billion deficit recorded in the previous month. Imports amounted to USD 37.9 billion, which represents a 3.8% increase over the same month last year, down from the 24.3% rise recorded in March. Meanwhile, exports declined from USD 28.7 billion in March to USD 24.5 billion in April. The figure represents a 3.2% increase in annual terms, which contrasts the 5.7% decline observed in March. India aims at reaching a 20% increase in exports this current fiscal year and has set an ambitious USD 500 billion target for the fiscal year 2014/15.
India Trade Balance
Exports remain sluggish in April
June 1, 2012
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India Trade Balance Chart
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.