India reported a record high merchandise trade deficit of US$ 37.84 billion in November 2024, up from US$ 27.14 billion the previous month, driven by an uncertain global environment, soaring gold imports, and falling oil prices. The country’s services exports, however, remained a bright spot. While services exports reached a...
India’s total exports for April-September 2024 are estimated at US$ 393.2 billion, reflecting a positive growth of 4.9% YoY. Exports have shown growth in key segments including engineering goods, electronics, chemicals, drugs and pharma, plastics and readymade garments. India’s exports continue to be impacted by the slowing global growth, along...
India’s total exports in 2023-24 are estimated to have reached US$ 776.68 billion, growing marginally by 0.04% YoY amidst global challenges. However, service exports are projected to have grown by 4.39% YoY to reach US$ 339.62 billion in 2023-24. As we look ahead, the World Trade Organisation (WTO) forecasts a...
India’s trade deficit reached a 20-month low in April, shrinking to US$ 15.2 billion. The decline in goods exports and imports can be attributed to lower commodity prices and weakened demand in Europe and the US. Exports of goods in April declined by 12.6%, marking the steepest fall since August...
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