China’s economic slowdown has had a peculiar impact on its trade with India. It is buying less from India but is selling more than before. The January-August 2022 trade data confirms this trend. China’s share in India’s exports has come down from 6.5% in January-August 2021 to 3.5% in January-August 2022. Its share in India’s … Read more
Merchandise exports touched a record $40.38 billion, while imports rose to $59.07 billion, a government source said on Friday, referring to provisional trade data. Monthly trade deficit in March was estimated at $18.69 billion, according to Reuters calculations. Merchandise exports for the financial year 2021/22 ending in March touched $417.81 billion while imports rose to … Read more
India’s exports grew by 28.51 per cent to USD 8.67 billion during February 1-7 on account of healthy growth in sectors such as petroleum, engineering and gems and jewellery, according to the preliminary data of the commerce ministry. The exports during the first week of this month rose by about 31 per cent. According to … Read more