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Imports

India's crude oil import bill drops 16% but import dependency hits new high

India's crude oil import bill drops 16% but import dependency hits new high

Wed, Apr 17, 2024

India imported 232.5 million tonnes of crude oil, which is refined into fuels like petrol and diesel, in the 2023-24 fiscal (April 2023 to March 2024), almost the same as in the previous financial year. But it paid USD 132.4 billion for the imports in FY24 as against USD 157.5 billion import bill in 2022-23, oil ministry's Petroleum Planning and Analysis Cell (PPAC) data showed.

India's merchandise exports dip marginally in March, FY24 shipments at USD 437 billion

India's merchandise exports dip marginally in March, FY24 shipments at USD 437 billion

Mon, Apr 15, 2024

The trade deficit or gap between imports and exports worked to be USD 240.17 billion.

Melon seeds import permitted without restrictions from May 1 to June 30 on actual user basis

Melon seeds import permitted without restrictions from May 1 to June 30 on actual user basis

Tue, Apr 09, 2024

The government has said imports of melon seeds are permitted without any restrictions from May 1 to June 30 on an actual user basis to eligible processors of this commodity only, according to a notification.

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Govt intelligence agency cracks gold smuggling racket worth Rs 2,000 crore

Govt intelligence agency cracks gold smuggling racket worth Rs 2,000 crore

Mon, Sep 19, 2016

This probably is the single biggest case of detection of gold smuggling by any agency in India.

In charts: India's journey from 'deficit' to 'surplus'

In charts: India's journey from 'deficit' to 'surplus'

Fri, Sep 16, 2016

The country's exports during the month fell $21.51 billion as against $ 21.58 billion in the same month last year.

India's exports down 0.30% to $21.51 billion in August

India's exports down 0.30% to $21.51 billion in August

Thu, Sep 15, 2016

India's merchandise exports have declined for the second consecutive month, whereby falling marginally by 0.30% for the August month.

Indian ouput of pulses to hit record high; drag on prices: Industry

Indian ouput of pulses to hit record high; drag on prices: Industry

Tue, Sep 06, 2016

India's production of summer-sown pulses is likely to surge to a record high this year, dragging down prices of the protein-rich food grains after last year's sharp rally that prompted farmers to increase area under cultivation, industry officials said.

Govt on track to meet fiscal target despite 7th Pay Commission payout

Govt on track to meet fiscal target despite 7th Pay Commission payout

Wed, Aug 24, 2016

Exports grew by 1.1% and 0.1% in May and June 2016 respectively.

Trade deficit narrows to $7.7 billion despite nearly 7% decline in exports

Trade deficit narrows to $7.7 billion despite nearly 7% decline in exports

Fri, Aug 12, 2016

Exports in July 2016 declined by 6.84% to $21.6 billion (Rs 1.45 lakh crore) from $23.2 billion (Rs 1.48 lakh crore) in the same month a year ago.

India's current account balance likely to turn surplus in April-June

India's current account balance likely to turn surplus in April-June

Tue, Jul 19, 2016

With exports showing signs of revival, India's current account balance is likely to turn surplus in the first quarter (Q1) of the fiscal year 2016-17, said a leading research firm in its recent note.

Impact of Brexit on trade with India is expected to be minimal: Nirmala Sitharaman

Impact of Brexit on trade with India is expected to be minimal: Nirmala Sitharaman

Mon, Jul 18, 2016

Sitharaman further said, “At present, there is no bilateral trade agreement that India has with EU.”

Rise in exports after 18-month gap narrows trade deficit to $8 billion

Rise in exports after 18-month gap narrows trade deficit to $8 billion

Fri, Jul 15, 2016

This was mainly due to the rise in exports for the first time after a gap of 18 months.

Will Brexit impact Indian exports?

Will Brexit impact Indian exports?

Mon, Jun 27, 2016

Federation of Indian Export Organisations on Indian Express reported, that India’s export will face pressure led by currency volatility post Brexit decision in the immediate future as both British Pound and Euro will depreciate, giving greater competitiveness to their products.

Japan records first trade deficit since start of 2016

Japan records first trade deficit since start of 2016

Mon, Jun 20, 2016

By country, the deficit with China, Japan's largest trading partner, rose 401.093 billion yen ($3 billion) in April, representing a 4 % year-on-year increase.

Are free trade agreements to blame for India’s exports fall?

Are free trade agreements to blame for India’s exports fall?

Thu, Jun 16, 2016

Imports South Asia surged 41.16% from 4.83%, 17.4% increase from Sri Lanka, Thailand saw an export rise of 41.05% as against 7.39%.

Exports fall marginally by 0.79% in May as non-oil sectors recover

Exports fall marginally by 0.79% in May as non-oil sectors recover

Wed, Jun 15, 2016

Exports fell for the 18th month in a row in May, though marginally by 0.79 % to $ 22.17 billion as several non-oil sectors such as engineering and gems and jewellery saw a rise in outward shipments.

Exports fall yet again but there is a silver-lining

Exports fall yet again but there is a silver-lining

Sun, May 15, 2016

India's merchandise exports declined for the 17th month in a row in April. Outbound shipments in the month fell 6.70% this year albeit at a slower pace than in March, and experts see the downward trend to continue in the current fiscal. There is a good news, though.

Drop in India's services exports may eat into benefits reaped from easing trade deficit

Drop in India's services exports may eat into benefits reaped from easing trade deficit

Fri, Apr 22, 2016

India's trade surplus in the services sector has narrowed in February 2016, a Nomura report said on April 21, adding to worries about the state of the country's exports even in the services sector.

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