In April, exports increased a robust 34.4% over the same month last year to reach a total of USD 23.8 billion. The print came on top of the extraordinary 44.4% expansion tallied in March. Moreover, the moving 3-month sum increased 42.7% over the same period last year, which was slightly above the 42.4% expansion observed in March. Meanwhile, imports increased 14.1% over the same month last year to reach USD 32.8 billion, which was below the 18.2% expansion seen in March. In line with previous months, the increase was mainly fuelled by non-oil imports, which rose 17.3% over the same month the previous year, whereas oil imports grew only 7.7%. As a result, the trade deficit dropped to USD 9.0 billion, which was below the USD 11.0 billion recorded in April last year. In the fiscal year 2010/11, exports totalled USD 235 billion, overshooting the government's target of USD 200 billion. The government set a new target of USD 500 billion for the fiscal year 2013/14, about twice the current level of exports.
India Trade Balance
Exports continue robust expansion
June 1, 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.