Topic
trade deficit
Trade Trade gap seen as by-product of India's development stage, investment needs, energy dependence: Govt to Parliament
India's merchandise trade deficit is a natural by-product of its development stage, investment needs, and energy dependence, according to Minister of State for Commerce and Industry Jitin Prasada. The statement to Parliament also highlighted shrimp export rejections totaling Rs 14 crore, rising FDI inflows, and progress under PLI schemes and the National Industrial Corridor Development Programme.
Business India's current account deficit likely to widen to 1.5% of GDP in FY27 as higher oil prices weigh: Report
According to a Crisil report, India's current account deficit is expected to widen to 1.5% of GDP in FY27 from 0.6% in FY26, driven by higher crude oil and commodity prices. The forecast follows official trade data showing the merchandise trade deficit widening to $30.4 billion in June. Crude oil prices are expected to average $82-87 per barrel this fiscal.
Trade India's Exports Rise 18% to 6-Month High of $45.2 Billion in May, Trade Deficit Widens
India's merchandise exports rose 18% year-on-year to a record $45.2 billion in May, the highest in six months. However, the trade deficit widened to $28.21 billion as imports surged 20.62% to $73.41 billion, led by petroleum, crude oil, and gold. Commerce Secretary Rajesh Agrawal expressed optimism for FY27 if momentum continues, noting recovery from the West Asia crisis and expanded export base.
Trade TOI Business Desk Profile: How the Team Covers Global Economic News for Readers
The TOI Business Desk is a team of journalists dedicated to providing the latest business news from around the globe. Their coverage spans industries, markets, economic trends, and exclusive reports, helping readers navigate the complexities of the business world.
Trade Pakistan Faces $35B Trade Deficit Amid PKR Pressure
Pakistan's trade deficit has reached $35 billion, raising concerns over economic stability as the PKR faces depreciation pressure. Despite a forex reserve increase to $17.2 billion, the trade imbalance and external debt obligations pose significant challenges.
Trade India, South Korea to Tackle Trade Deficit in CEPA Talks
India and South Korea have agreed to address their widening trade deficit during the 12th round of CEPA upgrade talks. The trade deficit reached USD 15.35 billion in 2025-26. Both nations aim to double bilateral trade to USD 54 billion by 2030.