In March, exports expanded a solid 43.8% over the same month last year to a total of USD 29.1 billion. The print marked a moderation compared to the extraordinary 49.7% expansion recorded last month but, nevertheless, represented the highest value in nominal terms ever recorded. Imports followed suit and slowed to a 17.3% year-on-year expansion to reach USD 34.7 billion, down from the 21.2% increase tallied last month but also breaking the record in nominal terms. More importantly, the annual increase was fuelled mostly by non-oil imports, which increased a robust 21.0%, whereas oil imports grew a more subdued 8.0%. Despite rising oil prices, the trade deficit shrank from USD 8.1 billion in February to USD 5.6 billion in March. In the fiscal year 2010/11, exports totalled USD 237 billion, overshooting the government's target of USD 200 billion. The government has set a new target of USD 500 billion, twice the current level of exports, for the end of the fiscal year 2013/14.
India Trade Balance
Exports rise to record high
May 2, 2011
Looking for forecasts related to Trade Balance in India? Download a sample report now.
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.