In August, exports totalled USD 24.3 billion, which represents a 44.3% increase over the same month last year. The rise came in at nearly half the extraordinary 81.7% expansion witnessed in July. Meanwhile, the moving three-month sum reached USD 82.9 billion, which was 56.5% higher than in the same period last year. Imports totalled USD 38.4 billion, which was 41.8% above the level observed the same month last year. The expansion came in below the 51.5% increase tallied in the previous month. As a result, the trade deficit widened from USD 11.1 billion in July to USD 14.0 billion in August. Exports added USD 302 billion in the last 12 months. The government has set an export target of USD 500 billion for the fiscal year 2013/14.
India Trade Balance
Exports decelerate but remain robust
October 3, 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.