Trade Deficit
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No relief for Canada: Trump's commerce secretary nominee gives no assurances on tariff relaxation
World | Dec 28, 2024, 11:36 AM ISTIn his election campaign, US President-elect Donald Trump had threatened to impose tariffs on all products coming from Canada. Trump seeks to address the issue of trade deficit with Ottawa.
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India’s exports fall by 9.3 per cent in August, imports rise by 3.3 per cent
Business | Sep 17, 2024, 04:13 PM ISTIndia's exports witnessed a sharp decline of 9.3% in August 2024, falling to USD 34.71 billion compared to the same period last year. The drop reflects challenges faced by the export sector amidst global economic uncertainties.
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India 'not rethinking' allowing Chinese investment as suggested by Economic survey: Piyush Goyal
Business | Jul 30, 2024, 12:27 PM ISTEarlier in July, Chief Economic Adviser V. Anantha Nageswaran said New Delhi should focus on Foreign Direct Investments from China to boost its exports and help keep India's growing trade deficit with Beijing in check.
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India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data
Business | Jul 15, 2024, 03:59 PM ISTAccording to the latest data released by the government, the exports rose on a year-on-year basis in June and going by the trend, the country's total exports of goods and services may cross USD 800 billion this fiscal.
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India’s goods, services exports edge higher by 0.40 per cent in 2023
Business | Jan 21, 2024, 12:08 PM ISTThe major contributing sectors were electronics, pharmaceuticals, cotton yarn, fabrics, ceramics, meat, dairy, poultry products, fruits, vegetables, and information technology.
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Cash-strapped Pakistan slashes trade deficit by 43% in FY 23: Report
Business | Jul 05, 2023, 02:05 PM ISTIn the previous fiscal year 2022, the trade deficit of Pakistan had widened to a daunting USD 48.35 billion, causing concern about the country’s economic stability.
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Demand slowdown, global uncertainties impacting India's exports
Business | Sep 07, 2022, 01:52 PM ISTThe US and EU are impacting exports of key sectors including engineering, gems, and jewelry, and may have implications on India's exports in case the global situation does not improve in the coming months.
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Exports fall 36.47% in May, trade deficit narrows to USD 3.15 billion
Business | Jun 15, 2020, 07:45 PM ISTContracting for the third straight month, India's exports declined 36.47 per cent in May to USD 19.05 billion, mainly on account of drop in shipments by key sectors such as petroleum, textiles, engineering, gems and jewellery.
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India's exports decline 6% to USD 26.13 billion; trade deficit narrows
India | Sep 13, 2019, 08:12 PM ISTIndia's exports dropped by 6.05 per cent to USD 26.13 billion in August compared to the year-ago month, official data released on Friday showed.
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RCEP meeting: With lingering high trade deficit, India appeals for greater market access from China
Business | Aug 03, 2019, 05:02 PM ISTCommerce Secretary Anup Wadhawan raised the issue in his meeting with Wang Shouwen who is the Vice Minister of China’s Commerce Ministry, on the sidelines of RCEP inter-sessional ministerial meeting in Beijing on Friday.
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US GSP withdrawal: New markets, subsidy to help India contain trade deficit
Business | Jun 05, 2019, 09:11 PM ISTNew export markets, financial support and lower crude oil prices are likely to offset the impact on trade deficit caused by US ending preferential treatment to various goods supplied from India.
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Suresh Prabhu to head inter-ministerial meet on rupee, trade deficit on Thursday
Business | Oct 03, 2018, 04:06 PM ISTRepresentatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting.
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India's exports touch three-month high of 19.21% in August; trade deficit narrows to $17.4 bn
Business | Sep 14, 2018, 08:11 PM ISTExports of petroleum products, engineering, pharma and gems and jewellery in August rose by 43.25 per cent, 31.81 per cent, 28.52 per cent and 34.76 per cent respectively.
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US wants to reduce trade deficit with India soon: Official
Business | Jul 26, 2018, 01:45 PM ISTThe Trump administration is aggressively pushing New Delhi on the issues of medical devices, pharmaceuticals, dairy products and agriculture.
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Trade deficit with India dropped in 2017, concerned over trade barriers: US
World | Apr 05, 2018, 01:40 PM ISTThe trade deficit between India and the US dropped by almost six per cent in 2017 compared to the previous year, the US Trade Representative (USTR) has said.
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Amid mounting pressure on trade surplus, China cuts import tariffs on 187 consumer products
Business | Nov 24, 2017, 01:52 PM ISTChina reported a $510 billion global trade surplus last year, though total trade contracted in a sign of weak foreign and domestic demand.
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India's CAD for Q1 widens to four-year high of 2.4%
Sep 15, 2017, 08:49 PM ISTCurrent account deficit (CAD) increased to $14.3 billion, or 2.4 % of GDP in Q1 of the current fiscal from $0.4 billion a year ago.
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US trade deficit rises to highest level since January, sharp increase in trade gap with China
Jun 02, 2017, 09:20 PM ISTThe Commerce Department today said that the U.S. trade gap in goods and services climbed 5.2 percent to $47.6 billion in April from March.
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India’s exports plunge for second consecutive month, trade deficit down to RS 51,000 crore from Rs.83,000 crore in August
Sep 15, 2016, 07:59 PM ISTIndia's exports have dipped by 0.3 per cent to USD 21.51 billion (Rs. 14 lakh crore) for the second consecutive month in August. The decline has emerged due to dip in shipments of products like
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India's merchandise exports fall by 16 percent in June
Jul 15, 2015, 10:52 PM ISTNew Delhi: India's merchandise exports declined further for the seventh straight month in June to $22.29 billion which was 15.82 percent lower than the $26.48 billion worth shipped in the like month of last year, official