The current account deficit is likely to decline substantially to $10-11 billion in the second quarter
Exports of employment-intensive leather and products saw a fall of 3.7%
Oil imports declined 22.15% to $9.6 billion
Imports too declined by 9 per cent to $40.29 billion in June 2019 against $44.3 billion in June 2018 mainly due to falling prices of petroleum products
Exports recover to 3.9% in May, up from 0.64% in April
Imports rise by 4.31 per cent to $45.35 billion, widening the trade deficit to $15.36 billion in May.
Oil imports grew by 9.26% to $11.38 billion and non-oil imports expanded by 2.78%
But credit largely goes to petroleum and gems & jewellery, as share of core exports remains stagnant
March exports return to growth charts after a four-month drag
Trade deficit was $13.51 billion in March 2018
A report by CARE Ratings shows that the gap between exports and imports is the highest since 2012-13 when it peaked to $190 billion
The largest component of the import bill, crude oil, saw inbound shipments declined by 8 per cent, up from the 3.59 per cent fall in the previous month
Imports declined by 5.4 per cent to $36.26 billion in the last month, narrowing the trade deficit to $9.6 billion
Imports almost remained flat at $41 billion during the last month, narrowing the trade deficit to $14.73 billion
Some gains likely from US-China tariff war, with exports to China rising; softening of inward FDI remains a worry
Export growth plunges to 0.32% as major sectors contract
Progress has been achieved in many areas but export is not picking up steadily and in contrast import is on the rise
The trade deficit increased to USD 63.12 billion in 2017-18 as against USD 51.11 billion in the previous fiscal
Instead of relying on the rupee, removing sector-wise impediments will help
The relative stagnation in the net surplus on services trade means that it has started falling short of the net deficit on trade in oil, writes T N Ninan