Diabytes
India trade deficit News
)
Imports in December too rose by 38 per cent to USD 59.27 billion on account of an increase in oil imports, which soared 65.17 per cent to USD 15.9 billion, government data showed on Monday.
)
In November 2020, the value of non-petroleum exports was USD 21.95 billion, registering a negative growth of 0.03% over Nov 2019
The value of non-petroleum and non-gems and jewellery exports in Nov 2020 was USD 19.26 billion
The cumulative value of non-petroleum and non-gems and jewellery exports in April-Nov 2020-21 was USD 144.04 billion
)
Imports also plunged 51 per cent to USD 22.2 billion in May, leaving a trade deficit of USD 3.15 billion, compared to USD 15.36 billion in the same month previous year, according to the government statement.
)
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.
)
Imports, however, fell 5.41 percent USD 36.26 billion.
)
The trade deficit stood at USD 14.2 billion in December 2017.
)
The exports on monthly basis were down compared to USD 27.95 billion in September.
)
Imports of the precious metal stood at USD 16.96 billion in April-September 2017-18 financial year, according to the commerce ministry data.
)
Imports, however, went up by 10.45 percent in September.
)
In July, trade deficit soared to a near five-year high of USD 18.02 billion.
)
The sharp surge in imports in July this year had led to worsening of India's trade deficit to 5-year high of USD 18.02 billion.
)
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.
)
Lower gold imports could also help the South Asian country reduce its trade deficit, which rose to the highest in more than 4-1/2 years in January.
)
India's exports to China increased by 40.69 percent year-on-year to reach USD 10.60 billion during the seven months.
)
Here is a comparison between Indian and Chinese economy
)
India has a trade deficit with as many as 27 major countries, including China, Australia, Iraq and Iran, during the last three years.
The country's gold imports were however increased by 10.4 percent to $2.42 billion in May this year.
India will seek greater market access and removal of non-tariff barriers to bridge widening trade deficit with China during Prime Minister Narendra Modi's visit this month, a senior commerce ministry official said.
India will seek abolition of non-tariff barriers during Prime Minister Narendra Modi’s visit to China next week, officials said, as part of efforts to reduce a widening trade deficit and boost local industry.
India's trade deficit with China rose to a whopping USD 37.8 billion last year even as bilateral trade picked up, totalling USD 70.59 billion, a year on year increase of 7.9 per cent.
Loading...
 "Will Hindus get justice in Bengal's Murshidabad?")
 "DNA: Uproar over freebies in Delhi!")
 "DNA: AIMIM plans to field 2020 Delhi riots accused Shahrukh Pathan")
 "DNA: A report showing the reality of Bangladesh")
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
