IDFC First Bank in a recent report said in FY25, it estimates CAD at 1.3 per cent of GDP compared to 0.7 per cent of GDP in FY24
The country's exports increased 3.12 per cent on-year to USD 36.92 billion in January, according to the data released by the government on Thursday. Imports rose by about 3 per cent year-on-year to USD 54.41 billion in January this year. Trade deficit in January, 2024 stood at USD 17.49 billion. During April-January this financial year, exports dipped by 4.89 per cent to USD 353.92 billion. Imports slipped by 6.71 per cent to USD 561.12 billion. Commerce Secretary Sunil Barthwal said despite global uncertainties, "we have" recorded positive growth.
The country's merchandise exports during April-February 2022 stood at USD 374.05 billion, an increase of 45.80 per cent over USD 256.55 billion in the year-ago period
Geopolitical risks, hardening commodity prices may push it up more: Experts
Debroy said that some of India's tariff rates are misaligned and the country has signed plethora of free trade agreements