Indian Exports And Trade Deficit

Re-routing via the Cape of Good Hope has meant ships sailing from India will often need an extra 15-20 days before reaching destinations in Europe, greatly increasing costs

According to the advisor, India's foreign trade has 'boomed' due to reforms that happened over the past few decades

Shipments to six of top 10 markets saw a decline in April

Demand for bank credit remained healthy at 17.2%, even amidst tighter liquidity conditions and higher borrowing costs, Reserve Bank of India data showed

Decline 17% to $29.8 billion in October

India's large trade deficit is beginning to consolidate, but the weaker exports are prompting a more gradual adjustment than expected, Barclays Bank said in a note on Tuesday

India's merchandise exports in May rose by 20.55 per cent to $38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released

Imports also remained almost flat, growing by just 0.01% in January

Continuously falling for the past six months, the longest such stretch since 2002, the currency ended at 74.28 to the US dollar on Wednesday

Imports too rose by 21.31 per cent to $44.3 billion during the month

March Outbound merchandise trade had contracted first time in 5 months

Negotiations likely with Japan, EU, US, South Korea to boost India's agri exports and balance out their electronics exports into India

The trade deficit for November is pegged at $13.82 billion