India Trade Deficit Widens in December The merchandise trade deficit in India was $21.94 billion in December of 2024, widening from the $19.8 billion in the corresponding period of the previous year, but below market expectations of a sharper $27.3 billion deficit. Imports grew by $1.7 billion...
India's steel sector faced a trade deficit of Rs 1,594 crore in the April-October period of 2023 due to sustained export pressure, marking the second consecutive year of unfavorable trade balance. According to provisional data from the Steel Ministry, imports of total finished steel amounted to...
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%.[ FROM PUBLISHER]Investor's...
Keywords:India trade deficit [Fellow]The rise in trade deficit has been attributed to a surge in imports driven by elevated global commodity prices.[Ferro-Alloys.com] India's trade deficit almost tripled to a record $30 billion in July compared to a year ago, said official data released by...
MUMBAI, 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, official data showed on Tuesday. However, trade deficit declined marginally from 20.9 billion dollars reported in the preceding month of ...
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 ...
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 ...
This study aims to investigate the long run relationship among the current account deficit and the trade deficit for two developing countries, naming India and Pakistan. The reason behind selection of these two is that both of them are facing deficits in trade balance and current account since th...
Trade balance analysis reveals that India had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. India import statistics show that the country's top 8 import partners in 2024 collectively contri...
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...