In January, the trade balance deteriorated to a USD 14.7 billion deficit, which was larger than the USD 12.7 billion deficit recorded in the previous month. Imports amounted to USD 40.1 billion, which represents a 20.3% expansion over the same month the last year, up from the 19.8% increase recorded in December. Meanwhile, exports rose from USD 25.0 billion in December to USD 25.3 billion in January. The figure represents a 10.1% rise in annual terms, up from the 6.7% expansion observed in December. The 12-month rolling sum of exports currently sits at USD 302.1 billion, and government officials recently stated that they expect exports to reach USD 300 billion this current fiscal year, which will end in 31 March. India has set an export target of USD 500 billion for the fiscal year 2013/14.
India Trade Balance
Trade deficit widens
March 1, 2012
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.