India’s merchandise trade deficit rose to US$ 26.42 billion in April 2025, driven by higher imports. The government stated that in April, exports were valued at US$ 38.49 billion and imports at US$ 64.91 billion, compared to March figures of US$ 41.97 billion for exports and US$ 63.51 billion for...
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...
On August 21, 2023, India and the Association of Southeast Asian Nations (ASEAN) agreed to review their free trade agreement in goods, known as the ASEAN-India Trade in Goods Agreement (AITIGA), by 2025. This review aims to address concerns about trade barriers, abuse of the agreement, and the growing trade...
India’s merchandise exports fell by 8.8% YoY basis in February 2023, taking overall export value to US$ 405.94 billion during April-February. Despite the subdued global economic scenario, India’s services trade surplus surged by 38.6% YoY to reach US$ 132.95 billion during April-February, 2022-23. Source: Shutterstock A downturn in global demand...
India’s merchandise exports for April-January 2022-23 have risen by 8.5% YoY, although exports for January were down by 6.6%. Most agri product groups have witnessed positive YoY growth led by Tobacco, Oil Meals and Cereal Preparations & Miscellaneous Processed Food Items. Despite the slump in figures, experts are confident that...
India’s concerns on possible rise in trade deficit with RCEP participation are understandable, but it should consider other ways of engaging with the value chains of East and Southeast Asia, besides enhancing its own attractiveness as a business destination. India’s concerns on joining the RCEP primarily stem from experiences of...
India’s current account deficit could widen to 1.3% of GDP in 2017-18, from 0.7% in 2016-17 mainly due to stronger domestic growth in second half of the year. Import demand is expected to resume once disruptions due to the implementation of the GST settles down after July. According to the...
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