India’s April trade deficit surges to $19.1 bn
Merchandise imports surged by 10.25% to $54.09 billion in April 2024, leading to a widened trade deficit
Merchandise imports surged by 10.25% to $54.09 billion in April 2024, leading to a widened trade deficit
Overall trade deficit dipped 37.11% to $70.43 billion in April-January 2023-24 from $111.99 billion in the year-ago period.
Services exports are booming, significantly reducing trade deficits generated by merchandise trade, but it remains a blind spot for policymakers with little data, analysis or efforts to push
Merchandise exports dropped 13.9% year-on-year to $38.38 billion in March while imports fell 7.9% year-on-year to $58.11 billion.
India's trade deficit ballooned to $83.5 billion in FY22, a manifold rise from Covid-hit year of 2020-21 when it was $13.2 bn, shows govt data
Exports rose marginally by 1.62% to $33.92 billion last month as compared to $33.38 billion in August 2021.
In the last four decades, India’s payment for the use of intellectual property rose by 56,862% from $15.1 million in 1981 to $8,631.3 million in 2021.