India’s trade deficit narrows by 7.98% to $15.28 billion in June, exports falls by 9.71%

India’s merchandise exports contracted for the first time in nine months in June while imports shrank first time in four months. India’s trade deficit for June 2019 narrowed by 7.98 per cent to USD 15.28 billion as against the deficit of USD 16.60 billion in June 2018, government data showed. Data released by the commerce […]

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India’s trade deficit narrows to $10.89 billion in March 2019

India’s exports rose to a five-month high of 11 per cent in March on account of higher growth mainly in pharma, chemicals and engineering sectors, marking the outbound shipments at $331 billion for FY 2018-19, official data showed. Merchandise exports in March 2019 stood at $32.55 billion as against $29.32 billion in the same month […]

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China declines India’s proposal for renminbi-rupee trade

China has not accepted India’s proposal to carry out bilateral trade in local currencies which was aimed at bridging the ballooning trade deficit with the neighbouring country. India had suggested China for renminbi-rupee trade to boost its exports and tackle the widening trade deficit concern. China has declined India’s proposal. India’s exports to China stood at […]

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India’s June exports up 17.57 per cent at $27.7 billion; trade deficit at 43-month high

A sharp rise in crude oil bill led to India’s trade deficit widening to a 61-month high in June, despite sustained growth in engineering and pharmaceutical products that boosted exports by 17.57 per cent. The trade deficit increased to $16.61 billion, up from the $14.62 billion gap in May. India continued to take advantage of the same rising global crude prices […]

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