Trade Deficit Current Affairs, GK & News
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 the same period imports too soared to touch USD 610.22 billion, thus, leaving USD 192.41 ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: India's Trade Deficit • merchandise export • merchandise import • Non-petroleum exports • Non-petroleum imports • Trade Deficit
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 deficit of 69.4 billion USD with China in 2021. This was 22% higher than the ..
Month: Current Affairs - January, 2022
Category: International / World Current Affairs
Topics: active pharmaceutical ingredient (API) • bilateral trade • Import and export • India-China Trade Deficit • oxygen concentrator • Semiconductor devices • Trade Deficit
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 – Korea bilateral trade was 20 billion USD in 2018. However, it started decreasing after ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs
Topics: Act East Policy • bilateral agreement • bilateral trade • CEPA • e-vehicles • economic cooperation • Engineering • Exports and Imports • India-South Korea • India’s Act East policy • market access • Non-Tariff Barriers • Semiconductors • Technical Textiles • Trade and development • Trade Deficit
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 such as petroleum items, engineering products and gems and jewellery were the highest in December ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: engineering goods • exports • Exports and Imports • India exports • Oil Imports • Trade Deficit
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 there has been four Commodity Super Cycle. The first Commodity Super cycle started in the ..
Month: Current Affairs - May, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: China • Currency depreciation • industrialisation • Inflation • Trade Deficit • Urbanisation • US Dollars • USA • world war
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 did India not sign the agreement? According to India, the deal does not address its ..
Month: Current Affairs - November, 2020
Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs
Topics: ASEAN • FTA • India RCEP • Most favoured nation • RCEP • Trade Deficit