India Trade

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India: Expansion in exports decelerates in July, but remains strong

August 18, 2014

The trade deficit totaled USD 12.2 billion in July, which was a touch below the USD 12.5 billion shortfall recorded in the same month last year. In the 12 months up to July, the trade deficit totaled USD 121.4 billion, which was virtually in line with the USD 121.7 billion shortfall seen in the 12 months up to June.

Exports expanded at a healthy 7.3% annually in July, although this figure is below the 10.2% rise recorded in June. Imports also decelerated in July and expanded 4.3% (June: -8.3% year-on-year).

FocusEconomics Consensus Forecast panelists expect exports to increase 8.6% in FY 2014/2015, reaching USD 340 billion. In FY 2015/2016, the panel sees exports expanding 11.6% and reaching USD 379 billion.


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India Trade Chart


India Trade12m July 2014

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-sum of exports and imports in %.
Source: Ministry of Commerce and Industry and FocusEconomics calculations.


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