trade deficit

NEW DELHI: India is looking at the RBI’s decision to allow invoicing, payment and settlement of export and imports to increase bilateral tradepossibilities in Indian currency with its trading partners, including Russia and Iran, as part…

India's trade deficit swelled to a record $25.63 billion in June driven by imports of petroleum, coal and gold, and slow exports, raising concerns about a further slide in the rupee and a bigger current account deficit (CAD). Official…

NEW DELHI: India’s ballooning trade gap and capital outflows are raising new risks for the rupee, just as the currency’s plunge to a record low adds to inflation woes. “India’s external balances are deteriorating,” economists at Goldman…

NEW DELHI: India’s economy gathered momentum in May driven by pent up demand for services and higher output from industries as reopening continued from pandemic restrictions. Five of the eight high-frequency indicators compiled by…

MUMBAI: The current account deficit(CAD) for the fourth quarter of FY22 came in at $13.4 billion, which works out to 1.5% of the GDP, lesser than expected by the market. On a sequential basis, the CAD declined from $22.2 billion, or…

India’s trade deficit widened to record levels in April-May this fiscal—thanks to skyrocketing oil and commodity prices triggered by the war in Ukraine—which will pressure the current account. This is the broadest measure of India’s…

NEW DELHI: India's merchandise exports in May rose by 20.55 per cent to $38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released on Wednesday. Imports during May 2022 grew by…