trade deficit

Mumbai, March 16 The rupee strengthened by 2 paise to settle at 92.28 against the US dollar on Monday, supported by a firm trend in domestic equity markets and a weak greenback against major currencies overseas.However, surging crude oil prices and foreign funds outflows triggered by...

New Delhi, March 16 India's exports to the US fell by 12.88 per cent year-on-year to USD 6.88 billion in February due to high tariffs in America, while the trade deficit with China crossed USD 100 billion during the 11-month period of this fiscal, according to data released by the commerce...

Mumbai, March 16 The rupee weakened by 10 paise to settle at a fresh record low of 92.40 (provisional) against the US dollar on Monday amid surging crude oil prices and persistent withdrawal of foreign funds triggered by geopolitical uncertainties.The local currency, however, resisted a sharp...

New Delhi, March 16 The country's merchandise exports declined marginally by 0.81 per cent to USD 36.61 billion in February, according to government data released on Monday.Imports increased by 24.11 per cent to USD 63.71 billion in February this year from USD 51.33 billion recorded a year...

New Delhi, March 16 The country's merchandise exports declined marginally by 0.81 per cent to USD 36.61 billion in February, according to government data released on Monday.Imports increased by 24.11 per cent to USD 63.71 billion in February this year, compared to USD 51.33 billion recorded a...

Washington, March 12 – The United States recorded a $2.8 billion goods trade deficit with India in January, even as the overall US trade gap narrowed sharply, driven by stronger exports and slightly lower imports, according to data released on Thursday by the US Census Bureau and the Bureau of...

Beijing, March 12 China has refrained from responding to India's decision to ease foreign direct investment norms for countries sharing land borders with it. While the Chinese business community has described this move as a "partial" opening up, with restrictions still in place on large-scale...

New Delhi, March 10 The Congress on Tuesday attacked the Centre for easing foreign direct investment (FDI) norms for China, saying it is a part of the Modi government's "calculated capitulation" to that country.The government on Tuesday eased FDI norms for China and other countries sharing...

New Delhi, March 10 The government on Tuesday eased foreign direct investment (FDI) norms for China and other countries sharing land borders with India, allowing overseas firms with up to 10% ownership from these nations to invest in the country without mandatory approval.Previously, overseas...

New Delhi, March 10 The government eased norms for foreign direct investment from all countries, including China, that share land borders with India, sources said.They said that Press Note 3 of 2020 has been amended in this regard.The decision was taken in a meeting of the Union Cabinet...

New Delhi, March 10 The government on Tuesday eased norms for foreign direct investment from all countries, including China, that share land borders with India, sources said.They said that Press Note 3 of 2020 has been amended in this regard.The decision was taken in a meeting of the Union...

New Delhi, March 7 The government has granted certain relaxations to exporters in fulfilling their export obligations, as the trading community is facing difficulties in the movement of goods due to the ongoing West Asia crisis, according to a notification."In view of the prevailing...

New Delhi, March 7 The government has granted certain relaxations to exporters in fulfilling their export obligations, as the trading community is facing difficulties in the movement of goods due to the ongoing West Asia crisis, according to a notification."In view of the prevailing...

New Delhi, March 7 The commerce ministry has assured that the full benefits under the export support scheme, RoDTEP, will be restored from April 1 this year, providing much-needed relief to exporters facing challenges due to the West Asian crisis, FIEO said on Saturday.Except for agricultural...

New Delhi, March 5 The Congress stated on Thursday that there are clear downward pressures on China's GDP growth, which are now structural in nature, but there is nothing for India to celebrate as its economy is much larger and the trade deficit with China is rising.Congress general secretary...

Mumbai, March 4 The rupee plunged by 56 paise to close at an all-time low of 92.05 against the US dollar on Wednesday, weighed down by soaring crude oil prices in the wake of the Iran crisis.Forex traders said the dollar index crossed 98 levels due to the risk-off sentiment prevailing globally...

Mumbai, March 4 The benchmark stock market indices, Sensex and Nifty, experienced significant losses on Wednesday, in line with the weak trend in Asian markets, as the conflict in West Asia intensified, driving up oil prices.Continuing its sharp fall from the previous session, the 30-share BSE...

New Delhi, March 3 Fitch Group company BMI said on Tuesday that the ongoing conflict in the Middle East could discourage investment in India, and offset the positive effects of trade deals with the EU and the US on GDP.A 10 per cent rise in crude prices could reduce India's GDP by -0.3 to -0.6...

Washington, March 2 – The White House on Monday unveiled President Donald Trump's 2026 Trade Policy Agenda, declaring that "America is back" and vowing to deepen tariffs, enforce trade laws, and renegotiate key agreements to reduce what it calls a national emergency driven by record trade...

Mumbai, March 2 India's current account deficit (CAD) rose to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter from USD 11.3 billion in the year-ago period, mainly due to a higher trade deficit caused by a decline in exports to the US, according to RBI data released on Monday...