In September, exports contracted 10.8% over the same month last year in USD terms, which slightly exceeded the 9.7% drop registered in August. As a result, in the 12 months up to September, exports contracted 1.3% over the same period the previous year (August: +3.4% year-on-year). Meanwhile, imports expanded 5.1%, contrasting the 5.1% drop recorded in August. As a result, imports grew 11.0% in annual terms in the last 12 months (August: +13.4% yoy). The trade deficit reached USD 18.1 billion in September. As a result, the 12-month moving sum of the trade balance reached USD 187 billion in September, which was larger than the USD 182 billion gap recorded in August.
India Trade Balance
Exports slump continues
November 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.