In July, the trade balance recorded a USD 15.5 billion deficit, which was larger than the USD 14.8 billion deficit recorded in the same month last year. Imports amounted to USD 37.9 billion, which represents a 7.8% decline in annual terms and followed the 13.5% drop recorded in June. Meanwhile, exports reached USD 22.4 billion in July. The figure represents a 14.8% contraction in annual terms and follows the 5.5% decline observed in June. The reading marks, in fact, the third consecutive drop in exports, as shipments abroad continue to suffer from an adverse global environment in spite of the strong depreciation suffered by the rupee in the past months.
India Trade Balance
Trade deficit widens amid contracting exports
August 7, 2012
Looking for forecasts related to Trade Balance in India? Download a sample report now.
India Trade Balance Chart
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.