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Exports during April-May this year jumped to USD 62.89 billion, as against USD 29.41 billion in the same period last year.

Exports jump 69.35% to USD 32.27 billion in May; trade deficit at USD 6.28 bn

PTI | , New Delhi
PUBLISHED ON JUN 15, 2021 07:37 PM IST
Exports in May last year stood at USD 19 billion, and in May 2019 it was at USD 29.85 billion, the data showed.
The FIEO said the continuing growth in India’s exports shows order books keeping in step with the gradual opening up of major global markets. (AFP)
The FIEO said the continuing growth in India’s exports shows order books keeping in step with the gradual opening up of major global markets. (AFP)

Trade deficit falls in May to $6.3 bn as imports dip

By Asit Ranjan Mishra, Livemint, Mumbai
UPDATED ON JUN 03, 2021 04:42 AM IST
  • Merchandise imports fall to a 6-month low as curbs hit demand for gold and oil
Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust (JNPT) in Mumbai. (Reuters File)
Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust (JNPT) in Mumbai. (Reuters File)

Trade gap widens to $12.6 billion on lacklustre exports

By Asit Ranjan Mishra, Livemint, New Delhi
PUBLISHED ON MAR 16, 2021 05:23 AM IST
  • Between April last year and February 2021, merchandise exports have contracted 12.23%, while merchandise imports fell 23.1%.
India sent $755 million more in exports to the US during the first half of this year as a result of the trade war waged by President Donald Trump against China, according to the trade arm of the UN.(Bloomberg)
India sent $755 million more in exports to the US during the first half of this year as a result of the trade war waged by President Donald Trump against China, according to the trade arm of the UN.(Bloomberg)

India's exports up 6.16 pc in January

ANI | , New Delhi
PUBLISHED ON FEB 16, 2021 09:06 AM IST
Aside from the exports, the trade deficit for January 2021 was estimated at USD 14.54 billion.
Trade deficit in October narrowed to $8.71 billion as against $11.75 billion, as imports also fell by 11.53% to $33.6 billion during the month under review.(Bloomberg photo)
Trade deficit in October narrowed to $8.71 billion as against $11.75 billion, as imports also fell by 11.53% to $33.6 billion during the month under review.(Bloomberg photo)

Exports for October fall by 5.12 per cent, trade deficit narrowed

New Delhi | By Press Trust of India | Posted by Nilavro Ghosh
PUBLISHED ON NOV 13, 2020 08:02 PM IST
Exports for the month dropped to$24.89 billion due to drop in shioments of various items and the trade deficit was also reduced thanks to decreased imports.

Atmanirbhar: Chartered accountants to act as catalyst for re-booting MSME Sector

UPDATED ON OCT 20, 2020 04:57 PM IST
As far as guidance to MSME and Rural entrepreneurs is concerned, facilitation desks on pro bono basis at each district will play a very effective role to guide them in developing their business strategy, tax compliances, how various government schemes can help them and also towards resource mobilisation.
The contraction in August was higher as compared to 10.21 per cent in July and 12.41% in June.(Bloomberg File Photo)
The contraction in August was higher as compared to 10.21 per cent in July and 12.41% in June.(Bloomberg File Photo)

India’s exports fall 12.66% in August, trade deficit narrows to $6.77 billion

New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON SEP 15, 2020 11:25 PM IST
The country’s imports too declined 26 per cent to $29.47 billion in August, leaving a trade deficit of $6.77 billion, compared to a shortfall of $13.86 billion in the same month last year, as per the data.
Will the self-reliance campaign create local manufacturing to substitute certain import items?(Bloomberg)
Will the self-reliance campaign create local manufacturing to substitute certain import items?(Bloomberg)

Disentangling India’s trade surplus

By Aashish Chandorkar
UPDATED ON JUL 20, 2020 06:55 AM IST
Exports are slowly bouncing back, even as the fall in imports in certain categories isn’t bad news
The country is facing a national crisis. This is not a business-as-usual situation; what citizens expect from the political class right now is a sense of responsibility and unity(AFP)
The country is facing a national crisis. This is not a business-as-usual situation; what citizens expect from the political class right now is a sense of responsibility and unity(AFP)

This is not the time for politics

Hindustan Times | By HT Correspondent
PUBLISHED ON JUN 26, 2020 07:31 PM IST
Parties shouldn’t question each other’s patriotism
Ladakhi engineer, innovator and education reformist Sonam Wangchuk has called for a boycott of Chines goods and mobile apps.(HT FILE PHOTO)
Ladakhi engineer, innovator and education reformist Sonam Wangchuk has called for a boycott of Chines goods and mobile apps.(HT FILE PHOTO)

Boycott will make China pay heavily for provoking India: Sonam Wangchuk

Hindustan Times, New Delhi | By hindustantimes.com| Edited by Sabir Hussain
UPDATED ON JUN 02, 2020 03:23 PM IST
Sonam Wangchuk said the boycott of Chinese goods will make Beijing pay for provoking India along the Line of Actual Control (LAC) in Ladakh.
The Finance Ministry will hold a meeting on Tuesday to assess the impact of coronavirus outbreak(PTI)
The Finance Ministry will hold a meeting on Tuesday to assess the impact of coronavirus outbreak(PTI)

Nirmala Sitharaman to assess impact of coronavirus outbreak on trade

New Delhi | By Press Trust of India
PUBLISHED ON FEB 16, 2020 08:38 PM IST
The death toll from China’s coronavirus (COVID-19) epidemic climbed to 1,665 on Saturday after 142 more people died, mostly in the worst-hit Hubei Province, and the confirmed cases jumped to 68,500.
The government also proposes to amend the Customs Tariff Act of 1975 to strengthen the mechanism to prevent dumping of cheap goods in the domestic market.(Bloomberg File Photo)
The government also proposes to amend the Customs Tariff Act of 1975 to strengthen the mechanism to prevent dumping of cheap goods in the domestic market.(Bloomberg File Photo)

Centre proposes to widen scope of Customs Act

Mint, New Delhi | By Utpal Bhaskar and Gireesh Chandra Prasad
UPDATED ON FEB 05, 2020 07:08 AM IST
The measures are aimed at narrowing the trade deficit with China, which has flooded the Indian market with items such as toys, firecrackers and solar power equipment.
Piyush Goyal said that it was the government’s priority to correct the asymmetry in the existing pacts and maximise its export potential to benefit domestic industry and farmers.(Hindustan Times)
Piyush Goyal said that it was the government’s priority to correct the asymmetry in the existing pacts and maximise its export potential to benefit domestic industry and farmers.(Hindustan Times)

Government to review free trade pacts with Asean countries

Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON DEC 11, 2019 06:55 AM IST
Union Minister of Commerce and Industry Goyal cited growing trade deficit with ASEAN countries during 2010-11 until 2018-19 to state that the earlier trade pacts had been asymmetrical.
China’s new ambassador to India, Sun Weidong.(ANI image)
China’s new ambassador to India, Sun Weidong.(ANI image)

China wants to see India, Pakistan resolve disputes peacefully, says envoy

Hindustan Times, New Delhi | By Rezaul H Laskar
UPDATED ON SEP 25, 2019 05:35 AM IST
China’s new ambassador to India, Sun Weidong, in an interview with Hindustan Times, speaks on a wide range of issues on relations between India and China.
Merchandise exports fell 6.05% to $26.13 billion in August.(Bloomberg Photo)
Merchandise exports fell 6.05% to $26.13 billion in August.(Bloomberg Photo)

India’s August trade deficit narrows to $13.45 billion: Govt

New Delhi | By Reuters
UPDATED ON SEP 13, 2019 07:51 PM IST
Oil imports fell 8.90% to $10.88 billion in August from $11.94 billion in a year-ago period.
Balanced trade is likely to be on the top of the agenda when President Xi Jinping visits India later this year.(Reuters File Photo)
Balanced trade is likely to be on the top of the agenda when President Xi Jinping visits India later this year.(Reuters File Photo)

Trade deficit with China could become politically sensitive: Indian envoy

Hindustan Times, Beijing | By HT Correspondent
PUBLISHED ON JUN 18, 2019 03:22 PM IST
“The trade deficit with China is not economically sustainable and it can also become politically sensitive if we don’t take steps to address the deficit,”ambassador Vikram Misri has said.
The trade deficit between India and the US stood at roughly $21.3 billion in India’s favour in 2018. (Representative Image)(Bloomberg)
The trade deficit between India and the US stood at roughly $21.3 billion in India’s favour in 2018. (Representative Image)(Bloomberg)

Retaliatory tariffs on US could worsen trade ties | Analysis

New Delhi | By Shishir Gupta
UPDATED ON JUN 15, 2019 08:36 AM IST
India, in 2017, put certain cost caps on certain procedural and remedial equipment largely to benefit poorer patients.
A technician opens a pressure gas valve inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad, 2012.(REUTERS)
A technician opens a pressure gas valve inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad, 2012.(REUTERS)

The fall in oil prices could benefit the Indian economy

Hindustan Times | By HT Correspondent
PUBLISHED ON JUN 13, 2019 06:13 PM IST
India should be thankful for more than the obvious gains like a reduced trade deficit, a more stable exchange rate, more fiscal space, lower inflation and reduced interest rates
Talking about the Belt and Road Initiative (BRI) proposed by China, Liyou said it is directed by a mutually constructed and shared vision and China is a great supporter for multilateralism(Arvind-Yadav-HT-Photo)
Talking about the Belt and Road Initiative (BRI) proposed by China, Liyou said it is directed by a mutually constructed and shared vision and China is a great supporter for multilateralism(Arvind-Yadav-HT-Photo)

We want balanced trade with India: Chinese envoy

Kolkata | By Press Trust of India
UPDATED ON APR 16, 2019 06:21 PM IST
There is greater need for boosting trade and investment between the two countries, he said on economic ties between the two countries.
U.S. President Donald Trump(REUTERS FILE PHOTO)
U.S. President Donald Trump(REUTERS FILE PHOTO)

Donald Trump targets India on trade second time this week. Should New Delhi worry?

Hindustan Times, Washington | By Yashwant Raj
UPDATED ON APR 07, 2019 12:32 PM IST
US president Donald Trump took yet another shot at India on ongoing trade differences and accused it Saturday of charging “over 100%” import duty on certain American goods.
Pakistan’s surging petrol prices have more than halved the income of taxi driver Yasir Sultan, just one of many consumers whose faith in a government elected last year on a pledge to help the poor has been shattered.
Pakistan’s surging petrol prices have more than halved the income of taxi driver Yasir Sultan, just one of many consumers whose faith in a government elected last year on a pledge to help the poor has been shattered.

‘Erasing the poor’: Pakistanis feel crunch of rising prices

Islamabad/Karachi | By Reuters
PUBLISHED ON APR 04, 2019 07:35 PM IST
Inflation at its highest in more than five years has shocked many Pakistanis who voted for Prime Minister Imran Khan and his promise to eradicate poverty, create jobs and build an Islamic welfare state.
Minister of commerce and industry Suresh Prabhu.(HT File Photo)
Minister of commerce and industry Suresh Prabhu.(HT File Photo)

‘India has offered new package to US to fix trade irritants’: Suresh Prabhu

Hindustan Times, New Delhi | By Shishir Gupta and Rajeev Jayaswal
UPDATED ON APR 04, 2019 12:11 PM IST
Prabhu said the major US trade concerns pertained to its exports of medical devices, dairy products, mobile phones and agricultural items such as almonds, but didn’t spell out exactly what India had offered the US in the conciliatory trade package.
‘For the first time, India’s trade deficit with China has shrunk’: Suresh Prabhu(PTI)
‘For the first time, India’s trade deficit with China has shrunk’: Suresh Prabhu(PTI)

‘For the first time, India’s trade deficit with China has shrunk’: Suresh Prabhu

New Delhi | By Shishir Gupta and Rajeev Jayaswal
UPDATED ON APR 04, 2019 10:43 AM IST
The power derived and given by Parliament to the government is being used through the Reserve Bank of India (RBI) but it essentially follows from the insolvency code.
India’s merchandise exports rose to USD 26.67 billion in February from USD 26.03 per cent in the year-ago month mainly on account of higher shipments in sectors such as pharmaceutical, engineering and electronics.(Picture for representation)
India’s merchandise exports rose to USD 26.67 billion in February from USD 26.03 per cent in the year-ago month mainly on account of higher shipments in sectors such as pharmaceutical, engineering and electronics.(Picture for representation)

Rise in exports, lower imports narrow India’s trade deficit

New Delhi | By Press Trust of India
UPDATED ON MAR 16, 2019 02:03 AM IST
Marginal 2.44 per cent increase in exports as well as lower imports of gold and petroleum products in February significantly narrowed India’s trade deficit to USD 9.6 billion, according to data released by the commerce ministry on Friday.
The immediate drivers of the surge in the trade deficit under US President Donald Trump have been the fiscal expansion resulting from the tax cuts he pushed through Congress and the stronger dollar.(AFP)
The immediate drivers of the surge in the trade deficit under US President Donald Trump have been the fiscal expansion resulting from the tax cuts he pushed through Congress and the stronger dollar.(AFP)

Trump set to become $100 billion man as US trade gap surges

Washington, Bloomberg | By Shawn Donnan
UPDATED ON MAR 06, 2019 01:34 PM IST
The US trade deficit’s biggest contraction on record came in 2009 when it shrank by more than $300 billion in a single year as a result of the recession then under way -- and the resulting collapse in US demand for imported goods.
Chinese products on which the duty was imposed include chemicals and petrochemicals, fibres and yarn, machinery items, pharmaceutical, rubber and steel items, he said.(Representative Image/AP Fille Photo)
Chinese products on which the duty was imposed include chemicals and petrochemicals, fibres and yarn, machinery items, pharmaceutical, rubber and steel items, he said.(Representative Image/AP Fille Photo)

India imposed anti-dumping duty on 99 Chinese products as on Jan 28: Commerce ministry

New Delhi | By Press Trust of India
UPDATED ON FEB 04, 2019 03:24 PM IST
Chinese products on which the duty was imposed include chemicals and petrochemicals, fibres and yarn, machinery items, pharmaceutical, rubber and steel items, he said.
While overall demand remained subdued, expectations of a financial package for farmers in the government’s February 1 interim budget is stoking hopes for a revival in rural consumption.(Bloomberg)
While overall demand remained subdued, expectations of a financial package for farmers in the government’s February 1 interim budget is stoking hopes for a revival in rural consumption.(Bloomberg)

India’s economy showed signs of slowing in December

Bloomberg | By Anirban Nag
UPDATED ON JAN 30, 2019 11:27 AM IST
While overall demand remained subdued, expectations of a financial package for farmers in the government’s February 1 interim budget is stoking hopes for a revival in rural consumption. Here’s a breakdown of the dashboard:
Previously, we have found that growth slows in the quarter right before elections but rises sharply thereafter(Kalpak Pathak / Hindustan Times)
Previously, we have found that growth slows in the quarter right before elections but rises sharply thereafter(Kalpak Pathak / Hindustan Times)

A year of choices with a ‘Bandersnatch’ finish

By Pranjul Bhandari
PUBLISHED ON JAN 27, 2019 08:23 AM IST
The choices India makes on the fiscal, monetary and reform front now will have a profound impact
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)
People look at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)

In early trade, Sensex jumps 100 points, Nifty reclaims 10,900 mark

Mumbai | By Press Trust of India
UPDATED ON JAN 16, 2019 10:37 AM IST
The NSE Nifty reclaimed the 10,900 mark by rising 33.75 points, or 0.31 per cent, to 10,920.55.
US President Donald Trump with Prime Minister Narendra Modi.(REUTERS file photo)
US President Donald Trump with Prime Minister Narendra Modi.(REUTERS file photo)

PM Narendra Modi discusses trade deficit, Afghanistan with US president Donald Trump over phone

Washington | By Reuters
UPDATED ON JAN 08, 2019 07:24 AM IST
U.S. President Donald Trump and Indian Prime Minister Narendra Modi discussed reducing the U.S. trade deficit with India and increasing their cooperation in Afghanistan in a telephone call on Monday, the White House said.
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