trade deficit

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    India's Current Account Deficit Increases Amid Trade Gap

    Mumbai, March 2 India's current account deficit (CAD) increased to USD 13.2 billion, or 1.3 per cent of GDP, in the December quarter, compared to USD 11.3 billion (1.1 per cent of GDP) in the previous year, mainly due to a larger trade deficit, according to data released by the Reserve Bank of...
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    Rising Oil Prices and Trade Disruption: India’s Concerns

    Rising tensions in the Middle East, following attacks by the US and Israel on Iran, are expected to disrupt trade flows, increase freight and insurance costs, delay cargo shipments, and drive up global oil prices, thereby increasing India's import bill, according to experts.While India's trade...
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    WTO Dispute Panel Established Over India's Trade Measures

    New Delhi, February 25 India's measures to promote manufacturing in the automobile and renewable energy sectors are fully compliant with World Trade Organization (WTO) norms, and the country will strongly defend them at the WTO's dispute settlement panel meetings, an official said.Following a...
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    China Files Trade Dispute Against India's Automotive & Renewable Policies

    New Delhi, February 24 The World Trade Organization's dispute settlement body has set up a panel in a case filed by China against India over its measures in the automotive and renewable energy sectors, an official said on Tuesday.The panel was set up as both sides failed to resolve the issue...
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    Government Clarifies RoDTEP Rates for Agricultural Products

    New Delhi, February 24 The government clarified on Tuesday that the reduced rates and value caps under the export support scheme, RoDTEP, are not applicable to the export of agricultural and processed food products.This development is significant, as the government halved the duty benefit...
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    Exporters Seek Reconsideration of 50% RoDTEP Rate Reduction

    New Delhi, February 23 The government on Monday halved the duty benefit rates under the export support scheme, RoDTEP, prompting the exporting community to seek a reconsideration of the decision.The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021, provides...
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    Government Halves RoDTEP Duty Benefits Amid Export Challenges

    New Delhi, February 23 The government on Monday halved the rate of duty benefits under the export support scheme, RoDTEP, prompting the exporting community to seek a reconsideration of the decision.The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021...
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    US Trade Chief: Tariff Policy Remains Consistent After Supreme Court Ruling

    Washington, February 22 – US Trade Representative Jamieson Greer said the Trump administration has "very durable tools" to maintain its tariff-driven trade strategy after the Supreme Court struck down most of President Donald Trump's sweeping tariffs, insisting that the White House is now...
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    US Reduces Reciprocal Tariffs on India – What Businesses Need to Know

    New Delhi, February 21 India will now face a lower reciprocal tariff of 10 percent, down from 25 percent, after US President Donald Trump announced a new global levy on items imported into America in the wake of the Supreme Court verdict against his sweeping duties on several nations.According...
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    Trump Administration Shifts Tariffs: India, UK, EU Face 10% Surcharge

    Washington, Feb 21 – Countries that have entered into trade agreements with President Donald Trump – including India, the United Kingdom, the European Union, and Japan – will temporarily face a uniform 10 percent tariff following the Supreme Court's decision restricting the administration's use...
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    Indian Rupee Sees Slight Increase Amid Market and Crude Price Trends

    Mumbai, February 17 The rupee gained 2 paise to settle at 90.72 against the US dollar on Tuesday, supported by positive domestic equity markets and lower crude prices overseas.However, a firm US currency weighed on the Indian currency and limited its gains, forex traders said.In the...
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    Currency Update: Rupee Closes at 90.69, Factors Influencing Movement

    Mumbai, February 17 The rupee gained 5 paise to close at 90.69 (provisional) against the US dollar on Tuesday, supported by positive domestic equity markets and lower crude prices overseas.Sustained outflows of foreign funds and a strong US dollar, however, weighed on the Indian currency and...
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    Currency Exchange Update: Rupee at 90.73 Amidst Economic Data

    Mumbai, February 17 The rupee rose by 1 paisa to 90.73 against the US dollar in the early trade on Tuesday, supported by a decline in global crude oil prices.However, a stronger dollar and outflows from foreign investors capped gains in the local currency, according to forex traders.At the...
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    January Trade Data: Exports Up, Imports Soar

    India's total exports, encompassing both merchandise and services, increased by 13.17 percent year-on-year to $80.45 billion in January this year, compared to $71.09 billion in January last year. According to data released by the Ministry of Commerce, overall imports during the month grew at a...
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    Trade Deficit Widens as India's Exports Rise

    India's total exports, including merchandise and services, increased by 13.17% year-over-year to $80.45 billion in January this year, compared to $71.09 billion in January last year.According to data released by the Ministry of Commerce today, overall imports during the month grew at a faster...
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    January Trade Data: Imports Surge, Exports See Slight Increase

    New Delhi, February 16 The country's exports rose marginally by 0.61 per cent to USD 36.56 billion in January, while the trade deficit widened to a three-month high of USD 34.68 billion, according to government data released on Monday.Imports rose by 19.2 per cent—the highest so far this...
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    India's Trade Deficit Stands at USD 34.68 Billion in January

    New Delhi, February 16 The country's merchandise exports increased marginally by 0.61 per cent to USD 36.56 billion in January, Commerce Secretary Rajesh Agrawal said on Monday.Imports increased by 19.2 per cent to USD 71.24 billion in January this year, compared to USD 59.77 billion recorded...
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