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
petroleum products
May 2024
February 2024
March 2023
September 2022
June 2018
Exports: Breaking Into Top Five
India is now among top five exporters in a large number of categories. The lessons from these successes can be used to dominate in other sectors.
India's annual trade deficit widens to $17.49 bn in Jan
Overall trade deficit dipped 37.11% to $70.43 billion in April-January 2023-24 from $111.99 billion in the year-ago period.
How Russian Oil Bulked Up India's Exports
Import of petroleum-related products from Russia accounted for $27.7 billion in April-December 2022, a 700 % increase from $3.4 billion a year ago.
India has $5 bn new export opportunity in Russia: FIEO
“With Europe maintaining sanctions on Russia, we expect the trade to divert from Russia to India,” says A Shakhtivel, President, FIEO.
‘Fuel likely to be under GST by FY19 end’
The law firm adds that streamlining the GST refund process is the need of the hour.
