Thursday, 30 June, 2022
TopicIndian trade deficit

Topic: Indian trade deficit

India’s exports grow by over 67% to $32.21 billion in May, trade deficit at $6.32 billion

According to data released by the commerce ministry, exports in May stood at $19.24 billion in 2020 and was at $29.85 billion in 2019.

India’s trade deficit widens to $15.71 billion, exports slip by 0.8%

Exports in December 2020 stood at $26.89 billion, as compared to $27.11 in the same month of 2019, according government data.

India’s exports dip 5.12% in October, trade deficit narrows to $8.71 billion

Major export commodities that recorded negative growth in October included petroleum products, gems and jewellery, leather and engineering goods.

India’s exports dip by 12.66%, imports by 26% in August, trade deficit at $6.77 billion

The contraction in August was higher than in July (10.21 per cent) and June (12.41 per cent). Oil imports also declined by 41.62 per cent to $6.42 billion in the month.

Sonam Wangchuk is right. Time for India to hurt Chinese wallet and go Swadeshi

'Boycott China' is a recurring theme in India. But to make it a success, we will have to list all those things around us that are made in China.

India must overhaul its foreign exchange market to boost export, balance out trade deficit

Achieving a market-driven realistic exchange rate mechanism for the dollar was one of the key policy goals of the 1990-91 economic reforms in India.

Behind India’s chronic trade deficit, a few ignorant accounting formulas

A persistent and large deficit fails to pressure the dollar upwards, relative to the rupee, resulting in the latter’s overvaluation.

India’s trade deficit narrows as demand wanes in sluggish economy

The gap between exports & imports was $15.28 billion last month, compared with $15.36 billion in May, according to government data.

India likely to consider increasing import duties to curb deficit & prop up sagging rupee

The prime minister’s office is planning a meeting in New Delhi this week to review measures including curbs to curtail the trade gap.

Commerce minister Suresh Prabhu to chair inter-ministerial meeting to tackle falling rupee

Representatives from the department of economic affairs, coal ministry, oil ministry and department of pharmaceuticals are likely to attend.

On Camera

YourTurn

Representational image | Islam devotees offer Friday prayers during Ramadan, Patna, April 2022 | PTI

Quran says no one can limit others’ freedom. Udaipur killing violates Islam’s golden rule

Throughout history, Islamic scholars have uniformly agreed that respecting and obeying the law of the land is an essential aspect of faith.
The Reserve Bank of India logo | Photo: Suraj Singh Bisht | ThePrint

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Defence

National Security Adviser Ajit Doval | File photo: ANI

At 1st Maritime Security Group meet, NSA chief Doval stresses on coordination among stakeholders

Meeting chaired by Vice Admiral (retd) G. Ashok Kumar, India’s 1st national maritime security coordinator. ‘Crucial policy issues’ such as ‘blue economy initiative’ also discussed.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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