India Import News

Trade deficit during March 2021 widened to USD 13.93 billion from USD 9.98 billion in March 2020. The export growth of 60.29 per cent in March this year is the highest after about 82 per cent growth recorded in July 2011. Sectors that saw negative growth during March are oilseeds (-6.45 per cent) and cashew (-1.99 per cent).

India's imports in June 2019 too fell 9.06 percent to USD 40.29 billion in June 2019 as compared to USD 44.30 billion in June 2018, data further showed.

Trade deficit, the difference between exports and imports, widened to USD 15.33 billion in April 2019 from USD 13.72 billion in April 2018.

Goods imports last month were $39.6 billion, a gain of 4.6 percent from a year ago, data from the commerce and industry ministry showed.

India's import of total finished steel fell 36 percent to 7.4 million tonnes (MT) and exports jumped 102 percent to 8.2 MT in 2016-17, according to official data.

India is likely to become the world's fastest growing exporter and UAE's top export and import destination by 2030, according to a study.

Exports in July stood at USD 27.72 billion as compared to USD 25.83 billion in the same month last year.

India's exports grew by 7.33 percent to USD 27.72 billion in July, government data showed on Thursday.