Goods exports dip 9.3%, imports up 3.2% in August
The dip in exports was primarily due to the decline in the value of petroleum products and gem and jewellery exports.
imports
September 2024
August 2024
July 2024
June 2024
May 2024
April 2024
March 2024
January 2024
Gem & Jewellery imports dip 17% to $1.40 billion in July
The import of rough diamonds declined by 16% to $4.3 billion for April-July 2024
Zero duty imports under India-UAE CEPA to cost ₹63,000 crore in revenue
According to GTRI, the zero-tariff policy under CEPA is projected to cause an annual revenue loss of ₹63,375 crore due to duty-free imports of gold and silver, based on FY2024 import levels.
Goods export grow 9.1% in May, oil imports widen trade deficit
The highest growth was registered in exports of coffee (64.23%) and tobacco (58.38%).
Why has exports engine stalled?
Not just in FY24, even decadal growth in exports has fallen to 5.2%, from 13.9% in previous decade.
Oil, gold imports drive up India's trade deficit in April
India’s merchandise imports in April 2024 were $54.09 billion, as compared to $49.06 billion in April 2023.
Goods exports dip 3% in FY24, imports fall faster
The increase in export of services from India is expected to compensate for the decline in merchandise exports.
In a reversal, chemical exports decline 4% past 2 years
India's chemical exports to North America dropped significantly, from 21% (between 2019 and 2021) to 2% (from 2021 to 2023), says McKinsey.
India signs FTA with 4 European nations, expects $100 billion investments, 1 million jobs
The EFTA states have become the first European partner to conclude an FTA with India.
ASEAN, South Korea, Japan FTAs increased India's goods trade deficit
The GTRI report points out that India's exports to these FTA partners have increased at a lower rate than its imports.
