In the fiscal year 2023-24, as stated by RBI Governor Shaktikanta Das on Friday, both India’s exports and imports have contracted. The contraction in merchandise exports and imports persisted, albeit at a slower pace in July and August, following the Monetary Policy Committee meeting. In August, merchandise exports and non-oil non-gold imports saw a moderated […]
India’s merchandise trade deficit in August was wider than expected and stood at USD 24.16 billion, according to a Reuters calculation based on export and import data released by the government on Friday. Economists expected the August trade deficit to be at USD 21 billion, according to a Reuters poll. India’s merchandise exports stood at […]
The Confederation of All India Traders (CAIT), a trade organisation, encouraged traders to boycott Chinese products over the holiday season in order to cost China Rs 1 lakh crore in trade through the refusal of traders and importers to bring in festive and other goods. On the other hand, traders are anticipated to generate almost […]
India’s overall exports, both merchandise and services combined, in June 2023 are estimated to be USD 60.09 billion, registering a decline of around 13 per cent from June 2022, official commerce ministry data revealed on Friday. In June 2022, the exports were USD 69.20 billion. Overall imports in June 2023 are estimated to be USD […]
As the number of outbound shipments from India reduced in the last four months, the Union commerce ministry has called a meeting of exporters on Monday to take stock of the situation. According to reports, exporters are expected to raise concerns about things like providing more support for participation in international exhibitions and fairs, moving […]
India’s current account deficit narrowed sharply in the January-March 2023 quarter, RBI data showed on Tuesday, attributable to a moderation in the trade deficit and robust services exports. India’s CAD decreased to USD 1.3 billion (0.2 per cent of GDP) during the quarter from USD 16.8 billion (2.0 per cent of GDP) in the October-December […]
