Trade Deficit

At $0.6 Billion, India Records First Quarterly Current Account Surplus In 13 Years

Business | Edited by Abhik Deb (with inputs from agencies) | Tuesday June 30, 2020

Lower trade deficit was one of the prime reasons for the improvement in the current account balances both for the March quarter as well as for the whole fiscal year.

Government Plans Extra Tariffs, Trade Barriers On 300 Imported Products: Report

Business | Reuters | Thursday June 18, 2020

The decision will reportedly target imports worth $8-10 billion with the aim of deterring non-essential lower quality imports

Government Restricts Tyre Imports

Business | Reuters | Saturday June 13, 2020

In April, the country's trade deficit - which occurs when imports exceed exports - narrowed to $6.76 billion from $15.33 billion in the corresponding period a year ago.

US Trade Deficit Widens As Exports Hit 10-Year Low

Business | Reuters | Thursday June 4, 2020

The Commerce Department said on Thursday the trade deficit jumped 16.7 per cent to $49.4 billion

Industry Body Seeks Package For Exporters Amid Falling Trade

Business | Press Trust of India | Saturday May 16, 2020

The country's exports contracted by a record 60.28 per cent to $10.36 billion in April amid the coronavirus-triggered lockdown, according to official data.

Exports Plunge By Record 60% In April Amid Coronavirus Pandemic

Business | Press Trust of India | Friday May 15, 2020

The trade deficit narrowed to $6.76 billion. Trade deficit in April 2019 stood at $15.33 billion.

Trade Deficit Narrows As Merchandise, Services Imports Fall 47% In April

Business | Edited by Sandeep Singh (with inputs from Press Trust of India) | Friday May 15, 2020

Trade weakened as the country remained in an extended weeks-long lockdown to curb the spread of the coronavirus pandemic.

February Trade Deficit At $9.85 Billion

Business | Reuters | Friday March 13, 2020

Merchandise exports rose 2.91 per cent to $27.65 billion in February compared with a year earlier, while imports rose 2.48 per cent to $37.50 billion.

Current Account Deficit Shrinks Sharply In Last October-December Quarter

Business | Reuters | Thursday March 12, 2020

India's current account deficit (CAD) narrowed further in the final quarter of 2019 on the back of a contraction in the trade deficit and rise in net services receipts, the central bank said on Thursday. The CAD also declined to 0.2 per centof gross domestic product in the third quarter of the fiscal year ending this month from 2.7 per centin the y...

Government Approves Rs 1,480 Crore National Technical Textiles Mission

Business | Indo-Asian News Service | Wednesday February 26, 2020

The step would position the country as a global leader in technical textiles and the goal was to be self-dependent in this field to nullify the trade deficit in the area which was already declining, the minister said.

January Trade Deficit Rises To $15.17 Billion

Business | Reuters | Friday February 14, 2020

Oil imports rose 15.27 per cent to $12.97 billion while merchandise exports fell 1.66 per cent to $26.41 billion and imports fell 0.75 per cent to $41.14 billion.

Coronavirus Outbreak An Opportunity To Expand Exports: Krishnamurthy Subramanian

Business | Press Trust of India | Wednesday February 12, 2020

India is one of China's leading trade partners in Asia and has a huge trade deficit with that country.

Taking Measures To Address India's Concern Over Trade Deficit: China

India News | Press Trust of India | Thursday January 16, 2020

China on Thursday assured India that it is taking a "series of measures" to address India's concern over the mounting trade deficit which last year climbed to USD 56.8 billion, constituting 60 per cent of the total bilateral trade.

Exports Decline For Fifth Month In A Row, Drop Nearly 2% In December

Business | Press Trust of India | Wednesday January 15, 2020

Imports too declined by 8.83 per cent $38.61 billion, bringing down the trade deficit to $11.25 billion during the month under review.

India-China Trade Dips By Nearly $3 Billion In 2019

Business | Press Trust of India | Tuesday January 14, 2020

China's exports to India increased by 2.1 per cent last year totalling to 515.63 billion yuan while India's imports to China decreased by 0.2 per cent.