India’s trade deficit in goods widened to $14.11 billion in March from $9.98 billion during the same period a year earlier, preliminary data released by the government on Thursday showed. Merchandise exports rose 58.23% in March from a year earlier to $34 billion, while imports were up 52.89% to $48.12 billion, the data showed. Source … Read more
India posted a trade deficit of $2.91 billion in goods in September, data released by the government showed on Friday. Merchandise imports contracted 19.60% in September to $30.31 billion from a year ago while exports rose 5.27% to $27.40 billion, data from the Ministry of Commerce and Industry showed. Total merchandise imports fell by 40.06% … Read more
Kolkata: India may have slipped back to trade deficit after a brief surplus, but it may not get out of hand and hurt the currency as it did in the past. With the dollar flows remaining strong, it would rather be a test to the Reserve Bank of India‘s resolve in absorbing the inflows to … Read more