India to take up trade deficit issue with China: SharmaPress Trust of India
India recorded a trade deficit of $26.42 billion in April of 2025, widening from $19.1 billion from the corresponding period of the previous year to mark the sharpest gap since the record-high from November of 2024. Imports surged by 19.12% annually to $64.91 billion, despite the decline in...
An Indian proverb says that any flowing water can be traced back to its source, so can the trade imbalance between China and India. The growing Indian trade deficit with China has been influenced by both international ...
The timing could not be better. Earlier this month, U.S. President Donald Trump unveiled plans for "reciprocal tariffs" on countries that impose duties on American imports. India, with its higher tariff rates and a substantial trade deficit for goods with the United States, could be particularl...
doi:gej-2015-0011Ramesh Paudel
Afghanistan's trade deficit remains at approximately 31% of GDP and is highly dependent on financing through grants and aid. While Afghan agricultural growth remains consistent, recent industrial and services growth have been enormously impacted by COVID-19 lockdowns and trade cessations. While trade...
Trade Deficit Concerns: India's trade deficits with FTA partners have consistently widened post-implementation. With ASEAN, the trade deficit increased from USD 5 billion in 2010 (when FTA was implemented) to over USD 43.57 billion in FY23. The India-Korea CEPA has seen a similar trend, ...
In June 2024, India experienced a negative trade balance with Indonesia, exporting US$462 million while importing US$2.17 billion, resulting in a trade deficit of US$1.71 billion. Compared to June 2023, India’s exports to Indonesia decreased by 20.6 percent (from US$582 million to US$462 ...
Although non-oil trade deficit remained stable, there was a shift in its composition, with a plunge in gold imports being offset by a rise in non-oil non-gold imports such as coal and chemicals, Nayar said. ■NewsChinaBizCulture&LifestyleWorldSportsIn-depth RegionsAsia&PacificEuropeMiddle East...
Since a higher trade deficit directly impacts GDP, we expect this impact to range between –0.1% and –0.3% on growth this fiscal year. India could tap into the US market if it can reach a bilateral trade agreement sooner than other nations, as goods from competitors will likely become ...