News:India has decided not to join the Regional Comprehensive Economic Partnership(RCEP) Agreement as India’s core issues remained unresolved during the negotiations.One of the reason for not joining is the massive trade deficits India has with almost all of the RCEP countries. Facts: About Trade deficit: The trade balance of a country shows the difference between… Continue reading Explained:What is trade deficit and what does it signify
Tag: Trade deficit
Current account deficit tapers
The Reserve Bank of India(RBI) has said that India’s current account deficit(CAD) has increased to $57.2 billion or 2.1% of GDP in FY19 from 1.8% a year ago. Current account deficit is one of the key indicators of an economy’s health and measures the difference between the value of the goods and services a country… Continue reading Current account deficit tapers
Trade deficit widens to $15.36 bn in May
According to data released by the Ministry of Commerce,India’s trade deficit has widened to a six-month high of $15.4 billion in May,2019. The trade deficit has widened due to import growth outpacing export growth following a 37% jump in gold imports. The rising crude oil prices due to sanctions on Iranian oil imports could further… Continue reading Trade deficit widens to $15.36 bn in May
Exports growth slides to four-month low in April
According to data released by the commerce and Industry ministry, India’s trade deficit has widened to a five month high in April 2019 due to higher crude oil imports. India’s export growth has also slowed down to a four month low in April,2019 at 0.64% due to slowdown in labour-intensive sectors such as leather products,… Continue reading Exports growth slides to four-month low in April
Export of cotton textiles to China on the rise: Texprocil
According to Cotton Textile Export Promotion Council(Texprocil),exports of cotton textiles to China has been on the rise. Texprocil has said that the robust export of cotton textiles to China has helped India reduce its trade deficit with China.It said that the recent government move to refund all State and Central taxes on textile exports boosted… Continue reading Export of cotton textiles to China on the rise: Texprocil
Exports outpace imports at 11% in March
According to data released by the commerce and Industry ministry, India’s trade deficit has reduced to $10.89 billion in March,2019 due to rise in exports. The exports has increased by 11% in March from a year earlier,while imports were up by 1.44% during the same period. The rise in exports was driven by higher growth… Continue reading Exports outpace imports at 11% in March
Exports rise 2.44%; trade deficit narrows
According to data released by the Ministry of Commerce,India’s trade deficit has reduced by $9.6 billion in February,2019.The country’s exports grew by 2.44% while imports declined by 5.4%. The exports grew because of higher shipments in sectors such as pharmaceuticals,engineering and electronics.On the other hand,decline in imports was mainly due to reduction in inward shipments… Continue reading Exports rise 2.44%; trade deficit narrows
