India says Oct ’20 trade deficit falls on sharply lower oil imports

India trade deficit last month came in at $8.78 billion against $11.76 billion in October last year, an improvement by 25.34%, as merchandise imports fell, the government said in a statement. It said merchandise exports in October 2020 were $24.82 billion against $26.23 billion in the same month last year, a fall of 5.4%. Exports […]

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India’s trade deficit hit 4-month high of $6.77 billion in August 2020, thanks to higher gold imports

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After witnessing a rare trade surplus of $800 million in June, India’s trade deficit climbed to $ 6.77 billion, a four-month high. The latest surge is being attributed to a 171 per cent surge in gold imports, reflecting pent-up demand as well as elevated prices, with expectations of further imports in the run-up to the festive season. India’s […]

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India’s trade deficit with China reduces to $48.66 billion in FY20

India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of decline in imports from the neighbouring country, according to government data. Exports to China in the last financial year stood at $16.6 billion, while imports aggregated at $65.26 billion, the data showed. The trade deficit between the countries was at $53.56 […]

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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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