In May, the trade balance recorded a USD 16.3 billion deficit, down from the USD 18.5 billion deficit recorded in the same month last year. Imports amounted to USD 41.9 billion, which represents a 7.4% decline in annual terms, which contrasted the 3.8% rise recorded in April. Meanwhile, exports reached USD 25.7 billion in May, which represents a 4.2% contraction in annual terms and contrasts the 3.2% increase observed in the previous month. The government has set an export target of USD 500 billion for the fiscal year 2013/14.
India Trade Balance
Trade deficit narrows amid large decline in imports
July 4, 2012
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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.