trade deficit in India was at $27.1 billion in October of 2024, narrowing from the $31.5 billion gap in the corresponding period of the previous year, which still stands as India’s record-high deficit, but well above market expectations of a $22 billion deficit. Exports rose by 17.3%.....
Tuesday, December 31, 2024India's April trade deficit widens to 20.1 billion USDSource: Xinhua Editor: huaxia 2022-05-04 00:39:13MUMBAI, May 3 (Xinhua) -- India's trade deficit for April widened to 20.1 billion U.S. dollars from 15.3 billion dollars in the same month last year, ...
The rise in trade deficit has been attributed to a surge in imports driven by elevated global commodity prices. According to the data, merchandise exports rose by 2.1 percent in July to $36.3 billion compared to the previous year, while imports jumped by 43.6 percent to $66.3 billion. Overall...
India to take up trade deficit issue with China: SharmaPress Trust of India
Trade between India and China has been rising exponentially with a widening trade deficit for India, which has raised alarm by businesses, and some Indian parliamentarians have started accusing China for unfair trade practices. Nevertheless, both countries intend to negotiate for free trade ...
s trade deficit.]]>India's trade deficit narrowed to $12.3 bil in July from $17.5 bil a year earlier. Merchandise exports leapt 11.6% annually, helped by gov't incentives to expand markets in Latin America and Africa. Imports fell 6.2%.[ABSTRACT FROM PUBLISHER]Investor's Business Daily...
This study examines the sustainability of trade deficit with allowance of structural breaks and seasonal adjustments as both variables have been subject to structural changes and affected by seasons. We find that, in all the cases, there is long run relationship between export and import. This impl...
Trade deficit remained largely stable in June: Monthly trade deficit stood atUS$10.8bn (6.2% of GDP annualized) in June compared to US$10.4bnregistered in May. However, on a three month trailing basis, trade deficitnarrowed to 6.2% of GDP annualised in June quarter compared to 6.9% ofGDP...
Fiscal Balance is calculated as the difference between income and spending during the reported period (excluding borrowed funds). When revenues exceed expenditure, a budget surplus is formed. Otherwise, there is a trade deficit. This actually means that the government spends more money than the mone...
And, the overall imports during the seven months (April-October) are estimated to be 374.88 billion U.S. dollars, showing a growth of 18.88 percent over the same period last year, added the official data. Total exports during October alone were 26.98 billion U.S. dollars, as compared to ...