Trade Deficit

At a session with Chinese and US trade ministers, Union Minister Piyush Goyal on Friday said India did not join China-led RCEP as its trade deficit would have widened and New Delhi's "heart" is with Washington, hinting at a trade surplus with the US.

January merchandise exports were $32.91 billion, compared with $34.48 billion in December, while imports fell to $50.66 billion from $58.24 billion, data showed.

India's love for discounted Russia oil is widening its trade deficit with Moscow and the casualty is their much-touted rupee trade plan.

The country's current account deficit (CAD) widened to 4.4 per cent of the GDP in the quarter ended September from 2.2 per cent in April-June due to higher trade gap, as per latest data of the Reserve Bank of India.

The country's current account deficit widened to 4.4 per cent of the GDP in the quarter ending September, from 2.2 per cent of the GDP during the April-June period due to a higher trade gap, according to the latest Reserve Bank data.

In 2022, the value of imports was 19.97 trillion yen ($155 billion) higher than exports -- Japan's largest ever deficit. Comparable data has been available since 1979.

The total India-China trade for 2022 has climbed to $135.98 billion, overtaking the 1$25 billion mark a year earlier by registering an 8.4 per cent increase, according to the annual Chinese customs data.

Underlying the current account deficit in July-September 2022-23 was the widening of the merchandise trade deficit to $83.5 billion from $63 billion in first quarter of 2022-23.

On a month-on-month basis, exports expanded by 7.4% in November, while imports retreated 1.4%, helping narrow the trade deficit, Barclays Bank said in a note.

Exports stood at $31.8 billion in November last year.

The deficit during 2021-22 had jumped to $73.31 billion as compared to 44.03 billion in 2020-21, according to the data provided by commerce and industry minister Piyush Goyal in a written reply.

India has proposed curbing the import of private jets and helicopters as the South Asian nation seeks to plug a widening trade deficit, according to a document from the country's aviation ministry seen by Bloomberg.

India gave a list of Indian products to Moscow for access to Russian markets, Foreign Minister Subrahmanyam Jaishankar said on Monday, as Indiaseeks to narrow a growing trade deficit with Russia.

India's merchandise trade deficit in October widened to $26.91 billion from $25.71 billion in the previous month, a Reuters calculation based on export and import data released by the government on Tuesday showed.

India's wide trade deficit is highlighting a curious plan to rein in the gap: Getting people to hand over their private stashes of gold jewelry.

At a session with Chinese and US trade ministers, Union Minister Piyush Goyal on Friday said India did not join China-led RCEP as its trade deficit would have widened and New Delhi's "heart" is with Washington, hinting at a trade surplus with the US.

January merchandise exports were $32.91 billion, compared with $34.48 billion in December, while imports fell to $50.66 billion from $58.24 billion, data showed.

India's love for discounted Russia oil is widening its trade deficit with Moscow and the casualty is their much-touted rupee trade plan.

The country's current account deficit (CAD) widened to 4.4 per cent of the GDP in the quarter ended September from 2.2 per cent in April-June due to higher trade gap, as per latest data of the Reserve Bank of India.

The country's current account deficit widened to 4.4 per cent of the GDP in the quarter ending September, from 2.2 per cent of the GDP during the April-June period due to a higher trade gap, according to the latest Reserve Bank data.

In 2022, the value of imports was 19.97 trillion yen ($155 billion) higher than exports -- Japan's largest ever deficit. Comparable data has been available since 1979.

The total India-China trade for 2022 has climbed to $135.98 billion, overtaking the 1$25 billion mark a year earlier by registering an 8.4 per cent increase, according to the annual Chinese customs data.

Underlying the current account deficit in July-September 2022-23 was the widening of the merchandise trade deficit to $83.5 billion from $63 billion in first quarter of 2022-23.

On a month-on-month basis, exports expanded by 7.4% in November, while imports retreated 1.4%, helping narrow the trade deficit, Barclays Bank said in a note.

Exports stood at $31.8 billion in November last year.

The deficit during 2021-22 had jumped to $73.31 billion as compared to 44.03 billion in 2020-21, according to the data provided by commerce and industry minister Piyush Goyal in a written reply.

India has proposed curbing the import of private jets and helicopters as the South Asian nation seeks to plug a widening trade deficit, according to a document from the country's aviation ministry seen by Bloomberg.

India gave a list of Indian products to Moscow for access to Russian markets, Foreign Minister Subrahmanyam Jaishankar said on Monday, as Indiaseeks to narrow a growing trade deficit with Russia.

India's merchandise trade deficit in October widened to $26.91 billion from $25.71 billion in the previous month, a Reuters calculation based on export and import data released by the government on Tuesday showed.

India's wide trade deficit is highlighting a curious plan to rein in the gap: Getting people to hand over their private stashes of gold jewelry.