India’s trade deficit swells to $27.1 bn in October, exports rise 17.3%
Merchandise imports increased by 3.9% to $66.34 billion in October, compared to $63.86 billion in the same month last year.
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India's goods exports at $38.45 bn, marginally higher in December
The goods imports during the month showed a decline from $61.22 billion in December 2022 to $58.25 billion in December 2023.
Domestic exports surge 9.4% in October; imports up 11.1%
The services exports surged 13.43% year-on-year to $28.70 billion during the month under review as against $25.30 billion in the same period last year
India's goods exports fall 10.3% in May
The decline in trade was attributed to a drop in consumer spending across advanced nations due to persisting geopolitical tensions and monetary tightening induced recessionary fears.
India's Q1 current account deficit at 36-quarter high of $28.4 bn: Ind-Ra
Ind-Ra expects India’s merchandise exports to slow down despite touching a record high of $121.2 billion in Q1 FY23
June merchandise exports up 16.8%; trade deficit at $25.6 bn
The increase in exports was led by growth in petroleum products exports (98.01%), followed by electronic goods (50.66%) and ready-made garments of all textiles (44.67%) during June 2022
