trade deficit

India’s September trade deficit in goods at $2.91 billion

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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

Expect current account to post a surplus in 2020: Nomura

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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