Exports in India
India - Exports (percent change)
Exports and imports both decrease in August
Merchandise exports declined6.0% year-on-year in August, amounting to USD 26.1 billion, contrasting July’s 2.3% increase. The decrease came despite strong growth in iron ore, electronics and spices exports. Merchandise imports, meanwhile, fell 13.4% in August, after dropping 10.4% in July, partly on significantly less imports of coal, coke and briquettes. In addition, lower oil prices helped reduce the value of oil imports in August.
The merchandise trade deficit narrowed to USD 13.5 billion in August from USD 17.9 billion in the same month a year earlier. However, the deficit in August was slightly wider than July’s USD 13.4 billion shortfall. The 12-month trailing sum of the trade deficit narrowed to USD 168.9 billion in August from USD 173.4 billion in July.
Our panelists forecast that exports will expand 7.3% in FY 2019 and imports will rise 7.0%, bringing the merchandise trade deficit to USD 189.0 billion. In FY 2020, we expect exports and imports will expand 9.0% and 7.8% respectively, which would result in a merchandise trade deficit of USD 199.0 billion.
India - Exports (%) Data
|Exports (annual variation in %)||4.6||-1.2||-15.6||5.1||10.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.55||-0.04 %||Sep 04|
|Exchange Rate||71.99||-0.09 %||Sep 04|
|Stock Market||36,725||-0.08 %||Sep 04|
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October 11, 2019
Industrial production fell 1.1% in year-on-year terms in August, contrasting July’s revised 4.6% increase (previously reported: +4.3% year-on-year). Most industrial sectors contributed to the slump in August, with output in the manufacturing sector dropping the most, followed by output in the electricity sector.
October 4, 2019
The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) cut all monetary policy rates by 0.25 percentage points at its 1–4 October meeting, reducing the repo rate to 5.15%, the marginal standing facility to 5.40% and the reverse repurchase rate to 4.90%.
October 4, 2019
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit sank to 49.8 in September from 52.6 in August, marking the first time in 19 months that it landed below the 50-threshold that separates contraction from expansion in the private sector.
September 13, 2019
Merchandise exports declined6.0% year-on-year in August, amounting to USD 26.1 billion, contrasting July’s 2.3% increase.
September 12, 2019
In August, consumer prices rose 0.49% compared to the previous month, down from July’s 0.91% increase.