Tag: trade deficit

India’s exports jump 23% in September; trade deficit narrows to $30.21 billion

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India’s exports jump 23% in September; trade deficit narrows to .21 billion

Bharat Petroleum Corporation Ltd. refinery in Mumbai. File. | Photo Credit: Reuters Healthy growth in shipments of petroleum products, electronic goods and chemicals helped India’s merchandise exports rise 23.04% in September, while the trade deficit narrowed to $30.21 billion year-on-year due to a dip in imports of precious metals. However, when compared to August, the…

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How petroleum products are boosting India’s export growth

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How petroleum products are boosting India’s export growth

A large cargo ship at an industrial port in New Mangalore, India. | Photo Credit: Wirestock Data released by the Ministry of Commerce and Industry on August 13, 2026, showed India’s exports gaining momentum, despite the ongoing war in West Asia, driven in particular by the growth in export of merchandise (goods). In July 2026,…

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Trade deficit jumps 430% in June 2026 due to surging oil, gold and electronics imports

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Trade deficit jumps 430% in June 2026 due to surging oil, gold and electronics imports

Image for representational purposes only. | Photo Credit: Reuters India’s trade deficit grew by 430% to $15.3 billion in June 2026 primarily due to high growth in merchandise imports, which were skewed by a spurt in the value of imports of crude oil, electronic and electrical goods, and gold, official data released on Monday (July…

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Festive surge in gold imports drives India’s Oct. 2025 trade deficit up 141% to $21.8 billion

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Festive surge in gold imports drives India’s Oct. 2025 trade deficit up 141% to .8 billion

Gold imports grew nearly 200% in October 2025 to $14.7 billion from $4.9 billion in October 2024. File. | Photo Credit: Reuters India’s trade deficit surged 141% in October 2025 to $21.8 billion due to surging imports, driven in large part by a festival-related jump in gold imports, and subdued merchandise exports, official data showed….

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Rupee falls 17 paise to 88.26 against U.S. dollar in early trade

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Rupee falls 17 paise to 88.26 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Reuters The rupee depreciated 17 paise to 88.26 against the U.S. dollar in early trade on Monday (September 1, 2025), as persistent foreign fund outflows weighed on investor sentiments. Forex traders said the rupee opened on a weaker note this morning and could remain under pressure…

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Government unfazed by high import bills and trade deficit spikes

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Government unfazed by high import bills and trade deficit spikes

The Centre is non-plussed about the recent spate of record-high import bills and is not actively mulling any import compression measures. File | Photo Credit: The Hindu The Centre is non-plussed about the recent spate of record-high import bills and is not actively mulling any import compression measures, top trade officials asserted, attributing the rising…

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Goods exports drop 9.32% to $34.71 bn in August

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Goods exports drop 9.32% to .71 bn in August

Photo used for illustration purpose only. | Photo Credit: The Hindu India’s goods exports dropped 9.32% to $34.71 billion in August, while the import bill expanded 3.3% to $64.36 billion. The trade deficit widened to a ten-month high of $29.65 billion, reckoned to be the second highest monthly gap in goods trade. “Gold imports more…

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