In June, the trade balance incurred a deficit of USD 7.7 billion, according to provisional data released on 1 August. The figure was nearly half the USD 15.0 billion deficit recorded in May but well above the USD 5.9 billion tallied in the same month last year. The pace of both exports and imports moderated. Exports totalled USD 25.9 billion, which represents growth of 46.4% over the same month last year (May: +56.9% year-on-year). Meanwhile, imports reached USD 36.9 billion, which was 42.5% higher than the value recorded in the same month last year (May: +54.4% yoy). The expansion continued to be underpinned by non-oil imports, which expanded 47.8% year-on-year, while oil imports rose 30.0%. The government has set a target of USD 500 billion for the fiscal year 2013/14, which is approximately twice the current level of exports.
India Trade Balance
External sector remains strong although pace of growth moderates
August 1, 2011
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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.