Trade Balance in India
India - Trade Balance
Merchandise export growth slumps in April, deficit widens
Merchandise export growth in annual terms plummeted to 0.6% in April, down from 11.0% in March. The slowdown was primarily due to a decrease in shipments excluding petroleum, gems and jewelry. Merchandise imports increased 4.5% in April, up from 1.4% in March. Higher imports in April were largely caused by a 9.2% rise in oil purchases.
The merchandise trade deficit was USD 15.3 billion in April, which represented a widening compared to the USD 13.7 billion deficit in the same month a year earlier and USD 11.9 billion shortfall in March. Meanwhile, the 12-month trailing sum of the trade deficit widened for the first time in five months to USD 178.0 billion in April from USD 176.4 billion.
Our panelists forecast that exports will expand 7.5% in FY 2018 and imports will rise 7.5%, bringing the merchandise trade deficit to USD 189.0 billion. In FY 2019, we expect exports and imports will expand 8.5% and 7.3% respectively, which would result in a merchandise trade deficit of USD 199.0 billion.
India - Trade Balance Data
|Trade Balance (USD billion)||-136.6||-137.5||-117.2||-119.0||-157.0|
5 years of economic forecasts for more than 30 economic indicators.
India Trade Balance Chart
Source: Reserve Bank of India.
|Bond Yield||7.39||-0.04 %||May 13|
|Exchange Rate||70.57||-0.09 %||May 13|
|Stock Market||37,091||-0.08 %||May 13|
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May 15, 2019
Merchandise export growth in annual terms plummeted to 0.6% in April, down from 11.0% in March.
May 14, 2019
In April, consumer prices rose 0.50% compared to the previous month and was up from 0.36% in March, primarily due to more expensive food and beverages, and housing. Consumer price inflation was unchanged at 2.9% in April, which was slightly below market analysts’ expectations of 3.0%.
May 11, 2019
Industrial production fell 0.1% in March compared to the same month a year earlier, contrasting the 0.1% growth in February and sharply undershooting market analysts’ expectations of 1.3% growth.
May 6, 2019
The composite Purchasing Managers’ Index (PMI) produced by Nikkei and IHS Market moderated to 51.7 in April from 52.7 in March, shifting closer to the 50-point threshold that separates expansion from contraction in the private sector. The services PMI decreased to 51.0 in April from 52.0 in March, which marks the weakest growth in the services sector since last September.
April 15, 2019
In March, consumer prices rose 0.36% compared to the previous month, up from 0.22% in February.