Tag: Trade deficit
Downside risks to economy have begun materializing as continued West Asia conflict casts shadow over India’s trade outlook: Crisil
New Delhi: The ongoing West Asia conflict has begun materializing as a major downside risk for the Indian economy, severely impacting international trade and inflating…
India’s rising oil imports push trade deficit into risky territory: Crisil
New Delhi: India’s oil trade deficit is set to widen sharply in FY27 as rising crude prices, weakening petroleum exports and the country’s heavy dependence…
India’s BRICS trade surges to $416 billion, but widening deficit raises policy imperative ahead of 2026 Summit
New Delhi: India’s trade engagement with BRICS nations has grown strongly over the past five years, but the widening trade deficit poses a key policy…
West Asia crisis a wake-up call for self-reliance: Commerce and industry minister Piyush Goyal
New Delhi: The West Asia crisis should be a “wake-up call” for domestic industry to become self-reliant and efficient, as well as make better use…
India’s exports to hold steady in March despite global disruptions: Piyush Goyal
New Delhi: Commerce and industry Piyush Goyal Tuesday said in Lok Sabha that India’s trade remains resilient despite global disruptions. While merchandise trade saw some…
India’s current account deficit widens in third quarter
India’s current account deficit widened to $13.2 billion or 1.3% of the country’s gross domestic product in the third quarter from $11.3 billion or 1.1%…
India’s $500 billion US imports intent draws scepticism, risks widening trade deficit
NEW DELHI: India’s stated intention to buy $500 billion of U.S. goods over five years under a trade deal is drawing scepticism, with economists warning…
China market access slow; Make in India, import balancing key to cutting trade deficit: Sitharaman
India’s efforts to secure better market access for its goods in China continue to move slowly, Finance Minister Nirmala Sitharaman said, underlining that boosting domestic…
Gold, silver prices at record highs: Why India may increase duties on their imports
India’s gold and silver imports surged to record levels last year, sparking concern among policymakers, with the government having few effective tools to curb inflows…
Rupee at 92/$: Imports, overseas education, travel hurt; exporters gain
New Delhi: The rupee hitting a historic low of 92 against the US dollar on January 23 is likely to make imports ranging from crude…