Trade Deficit
EXIM Data: Trade Deficit narrows by 10 billion USD
The Government of India recently revised its import bill. With this revision, the country’s foreign trade between April 2022 and November 2022 differs from the estimates made by the Ministry of Commerce. Import bill has been increased or decreased in ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
India-China Trade Reaches All-Time High
The trade between India and China reached an all-time high of USD 135.98 billion in 2022, even as New Delhi’s trade deficit with Beijing crossed the USD 100 billion mark for the first time, according to data released by the ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs
India’s Trade Deficit in 2021-22
The trade deficit of India rose by 87.5 percent from USD 102.63 billion in 2020-21 to USD 192.41 billion in 2021-22. The total export in the last fiscal year touched a record margin of USD 417.81 billion, the imports for ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs
India-China Trade in 2021
The trade between India and China was around 125 billion USD in 2021. India’s imports from China stood at 100 billion USD. Most of the import demands were in machinery. India – China Trade in 2021 India faced a trade ..
Month: Current Affairs - January, 2022
Category: International / World Current Affairs
India – Korea Trade Talks
On January 11, 2022, India and Korea held a bilateral trade talk. The talks focused on non – tariff barriers, market access issues, trade deficit faced by the Indian exporters. The countries also discussed investment related issues. Background The India ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
India’s Monthly Goods Exports – Current Trend
The Ministry of Commerce and Industry recently released the monthly goods export report of the country. According to the report, in December 2021, India exported 37.29 billion USD of goods. Key Findings of the report The export demand for goods ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
What is Commodity Super Cycle?
The prices of commodities from corn to crude oil to rubber, rhodium, copper, soy bean has been increasing since the beginning of 2021. This is referred to as Commodity Super Cycle. Commodity Super cycle Since the beginning of nineteenth century ..
Month: Current Affairs - May, 2021
Why did India not sign the world largest RCEP trade deal?
On November 15, 2020, China and other fourteen Asian countries signed the world largest trade pact under the RCEP of ASEAN grouping. The agreement left the doors open for India. However, in 2019, India walked out of the agreement. Why ..