Record imports push trade deficit to near all-time highNEW DELHI: India’s trade deficit neared record level in Aug as a surge in gold shipments pushed up monthly imports by 3.4% to an all-time high of $64.4 billion, while exports fell 9.4% to $34.7 billion.As gold imports more than doubled to a new high of over…
NEW DELHI: Foreign minister S Jaishankar on Saturday justified scrutiny of Chinese investment in India, saying it’s “common sense” to do so because of the border issue and the state of relations between the two countries.At the ET World Leaders Forum, the minister said even those countries which don’t have a “special problem” with China…
NEW DELHI: India’s trade deficit widened to $23.5 billion in July as exports dipped marginally to $34 billion, while imports rose 7.5% to $57.5 billion due to a sharp rise in oil shipments. The 1.4% decline in exports during July was the first since March, the sharpest since last Nov, and was driven by a…
NEW DELHI: Commerce & industry minister Piyush Goyal on Tuesday ruled out an immediate rethink of India’s stance on Chinese investment, while slamming UPA‘s economic policies, which had made the country dependent on imports and investments from the neighbouring country.Amid demands from industry for a review of the visa regime for Chinese professionals, the Economic…
NEW DELHI: India’s trade deficit widened to a four-month high of $19.1 billion in April, as goods exports rose just over 1% to $35 billion, while imports increased over 10% to $54.1 billion.Gold imports trebled to $3.1 billion in April, from $1 billion a year ago, as prices hovered near record highs. Higher crude prices…
New Delhi: India’s gold imports, which have a bearing on the country’s current account deficit (CAD), surged by 30 per cent to USD 45.54 billion during 2023-24 due to strong domestic demand, according to government data. The imports stood at USD 35 billion in 2022-23. In March this year, however, the imports of the precious…
NEW DELHI: India’s merchandise exports dipped marginally in March to USD 41.69 billion, and by 3.11 per cent during the last fiscal year to USD 437.06 billion mainly due to continued geopolitical turmoil, and depressed global trade.Imports, too, declined in March as well during the entire 2023-24. Trade deficit, or the gap between imports and…
