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Trade Deficit News

15 Jun 2023

India's Export, Import Fell In May, Trade Deficit Rises To 5-Month High

As a result, the trade deficit rose to a five-month high of $22.1 billion. India has been consistently witnessing a trade deficit for many years now.

04 Oct 2022

Exports dip by 3.52 percent to USD32.62 bn in September

India's export declined by 3.52 per cent to USD 32.62 billion in September Trade deficit widened to USD 26.72 billion In August, the outbound shipments rose marginally by 1.62 per cent to USD 33.92 billion

14 Jul 2022

Exports rise 23.52% to $40.13 bn in June; trade deficit at record $26.18 bn

The trade deficit stood at USD 9.60 billion in June 2021. Cumulative exports in April-June 2022-23 rose by about 24.51 per cent to USD 118.96 billion. Imports increased 49.47 per cent to USD 189.76 billion during the period.

15 Jun 2022

India’s exports rise 20.55% to USD 38.94 bn in May

The trade deficit during the first two months of this fiscal widened to USD 44.69 billion against USD 21.82 billion in the year-ago period.

26 Mar 2018

China promises action on India's trade deficit, urges RCEP focus

China on Monday promised to address the issue of its massive trade surplus with India and work towards a more balanced trade relationship.

23 Mar 2018

Trade deficit with China costs 2 million jobs to US: White House

Since 2001, when China joined the World Trade Organisation, its economy has grown from USD 1 trillion of GDP to USD 12 trillion; roughly an 800 per cent growth rate.

Current Account Deficit

19 Mar 2018

India's current account deficit likely at 1.7% in FY18: Report

According to RBI data, the current account deficit rose to 2% of the GDP at $13.5 billion in the December quarter.

15 Mar 2018

US pursues India at WTO, widening trade offensive's Asia focus

The action opened a new front in US President Trump's confrontations with major trading partners.

13 Dec 2017

India's July-September current account deficit more than doubles to $7.2 billion

However, CAD in the second quarter narrowed sharply from USD 15 billion (2.5 percent of GDP) in the preceding quarter, the RBI said today.

07 Mar 2017

US trade deficit in January largest since 2012

The US trade gap shot up in January to its highest monthly level in almost five years, the Commerce Department reported Tuesday, and analysts say trade is likely to drag down growth.

17 Feb 2017

Cash position in economy may not be enough till March: Nomura

The impact of demonetisation is still visible and cash levels in the economy are not expected to be sufficient until March, which may keep trade volumes depressed for the next two months, says a Nomura report.

07 Feb 2017

US trade deficit falls as exports hit more than 1-1/2 year high

The US trade deficit fell more than expected in December as exports rose to their highest level in more than 1-1/2 years, outpacing an increase in imports.

15 Nov 2016

Exports up 9.59% at $23.5 bn in October; trade deficit at $10 bn

Exports continued to grow for the second month in a row, expanding by 9.59 percent to USD 23.51 billion in October on healthy growth in shipments of jewellery and engineering products.

India's current account deficit

21 Sep 2016

India's Q1 current account deficit narrows to 0.1% of GDP

India’s current account deficit (CAD) narrowed to USD 0.3 billion, or 0.1 percent of GDP, in the first quarter of 2016-17 on account of lower trade gap.

India's current account surplus

02 Sep 2016

Expect current a/c surplus of $4 billion in June quarter: Nomura

Japanese brokerage Nomura on Friday said the country is likely to post first quarterly current account surplus in nine years in the June quarter at USD 4 billion or 0.8 percent of the GDP.

India's current account deficit

17 Jun 2016

Lower CAD a healthy sign, will meet macro data target: Lavasa

Buoyed by the current account nearing surplus for the first time in nine years, the government on Friday said reduction in CAD is a sign of economic health and it is committed to sticking to its targets.

16 Jun 2016

CAD narrows sharply to $0.3 billion in Q4 on lower trade deficit

The Reserve Bank of India data on Thursday showed that the current account deficit also shrunk to 1.1 percent of the GDP in FY2015-16 from 1.8 percent in the previous fiscal.

09 May 2016

India has trade deficit with 27 countries for last 3 years: Nirmala Sitharaman

India has a trade deficit with as many as 27 major countries, including China, Australia, Iraq and Iran, during the last three years.

21 Mar 2016

CAD narrows to 1.3% of GDP in December quarter: RBI

India's current account deficit (CAD) narrowed to 1.3 percent of GDP in third quarter of the fiscal as against 1.5 percent in the same period last year, mainly on account of lower trade deficit.

15 Mar 2016

Gold imports contract 29.5% to $1.39 bn in February

After a sharp rise in January, gold imports in February declined 29.49 percent to USD 1.39 billion, which is expected to keep a lid on the country's current account deficit (CAD).

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