India has trade deficit with 75 countries; China, Russia top the list: GTRI
India’s trade surplus to 151 countries included 55.8% of its exports and 16.5% of its imports valued at $72.1 bn in the first half of the year
trade deficit
September 2024
August 2024
May 2024
April 2024
February 2024
January 2024
December 2023
November 2023
Q2 merchandise exports growth to slow down to 4.2% at $111.7 bn: Exim Bank
Non-oil exports are forecast to touch $89.8 billion in Q2 FY25, with a y-o-y growth of 6.26%, the Exim Bank data shows
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.
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.
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.
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.
It’s Not Double-engine Growth!
While India's consumption demand and trade deficit were a dampener, the gross fixed capital formation grew by a solid 11%, a double-digit growth for the first time in five quarter.
Trade deficit shrinks 39% in Apr-Nov
India exported $ 33.9 billion worth of goods in November 2023, marginally lower than $34.89 billion in November 2022
Goods exports grow 6.21% in October
Merchandise imports for October shot up 12.3% to $65.03 billion, as compared to $57.91 billion in October 2022.
