Imports in India
India - Imports
Export growth picks up in January, imports steady
Merchandise export growth in annual terms accelerated to 3.7% in January from 0.3% in December. The expansion was underpinned by increased exports of chemicals, pharmaceutical products and ready-made garments. Merchandise import growth, meanwhile, was flat in January, which represents an improvement compared to the 2.4% decrease in December. Continued weakness in imports in January was partly due to lower oil imports.
The merchandise trade deficit was USD 14.7 billion in January, larger than the USD 15.7 billion shortfall in the same month a year earlier and the USD 13.1 billion deficit in the previous month. The 12-month trailing sum of the trade deficit fell for the second consecutive month to USD 181.6 billion in January, down from USD 182.6 billion in December.
Our panelists forecast that exports will expand 7.2% in FY 2018 and imports will rise 5.8%, bringing the merchandise trade deficit to USD 193.0 billion. In FY 2019, we expect exports and imports will expand 9.3% and 7.2% respectively, which would result in a merchandise trade deficit of USD 201.0 billion.
India - Imports Data
|Imports (USD billion)||451||448||379||384||460|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||7.52||-0.04 %||Feb 14|
|Exchange Rate||71.02||-0.09 %||Feb 14|
|Stock Market||35,876||-0.08 %||Feb 14|
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February 15, 2019
Merchandise export growth in annual terms accelerated to 3.7% in January from 0.3% in December.
February 14, 2019
In January, consumer prices fell 0.29% compared to the previous month, which is less than the revised 0.50% fall in December (previously reported: -0.49% month-on-month).
February 13, 2019
On 1 February the interim budget for fiscal year 2019, which will start in April and run through to March 2020, was unveiled by the government.
February 12, 2019
Annual industrial production growth accelerated to 2.4% in December, up from November’s revised 0.3% (previously reported: +0.5% year-on-year).
February 7, 2019
Taking market analysts by surprise, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) cut all monetary policy rates by 0.25 percentage points at its 7 February meeting.