Merchandise exports to grow 3% in Q4 despite Red Sea hurdles: India Exim Bank
10 months, 2 weeks ago

Merchandise exports to grow 3% in Q4 despite Red Sea hurdles: India Exim Bank

Live Mint  

The Export-Import Bank of India has forecast a 3% growth in India’s merchandise exports in the final quarter of FY24 despite the ongoing disturbances in the Red Sea. The bank predicts that India’s total merchandise exports will reach $118.2 billion by the end of March, with non-oil exports accounting $95 billion, marking a year-on-year growth of 4.55% in Q4. With these forecasts, India’s total merchandise exports for FY24 are expected to be at $435.3 billion, while non-oil exports figures are likely to be maintained at the previous year’s level. Forecast of growth in India’s total merchandise exports and non-oil exports are released by Exim Bank during the first fortnight of May, August, November and February for the corresponding quarters.

Growth Bank Merchandise Red Exports Billion Red Sea Sea Grow Merchandise Exports Exim Bank Hurdles India  sea  exports  goods  billion  growth  indias  despite  exim  merchandise  grow  hurdles  india  q4  red  bank  trade

History of this topic

India’s trade braces for an action-packed 2025
2 hours, 9 minutes ago

India’s trade braces for an action-packed 2025

Live Mint  

India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. Yet, according to Pralok Gupta, associate professor, Indian Institute of Foreign Trade, which operates under the ministry of commerce and industry, “If US imposes high tariffs on China, India may face collateral …

Rupee at 85 to a Dollar: Sinking Towards 100?
19 hours, 59 minutes ago

Rupee at 85 to a Dollar: Sinking Towards 100?

The Quint  

India has indeed developed a strong export franchise in not only IT services but also in setting up global capability centers that employ over 1.5 million talented Indians for highly productive use. India, in contrast to its merchandise counterpart, import much less of services, and generate good surplus despite Indians’ itch to travel abroad and seek overseas education. India exported …

Trade shocker: On November’s trade estimates
Trending News
6 days, 7 hours ago

Trade shocker: On November’s trade estimates

The Hindu  

This October’s foreign trade numbers had offered a sliver of hope for India’s generally weak export story over the past couple of years, as goods exports grew at a 28-month high pace of 17.2%. As in August, November’s import bill spike was led by gold imports that jumped 331.5% from last November to a whopping $14.9 billion. Gems and jewellery …

Record trade deficit adds to rupee’s challenges, may open to all-time low
6 days, 23 hours ago

Record trade deficit adds to rupee’s challenges, may open to all-time low

Live Mint  

By Nimesh Vora MUMBAI, Dec 17 - The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The jump in gold imports and weak exports pushed India's merchandise …

Trade deficit at a record $38bn as gold imports rise
Top News
1 week ago

Trade deficit at a record $38bn as gold imports rise

Hindustan Times  

India’s merchandise trade deficit widened to a record $37.84 billion in November, driven primarily by surging gold imports and falling exports, a trend experts said threatens to add pressure on the rupee which is already strained by three months of portfolio outflows. Imports, however, surged by 27% to $69.95 billion compared to $55.06 billion in November 2023, mainly due to …

India’s Trade Deficit Widens to Record as Gold Demand Soars
Top News
1 week ago

India’s Trade Deficit Widens to Record as Gold Demand Soars

Live Mint  

-- India’s trade deficit expanded to a record high in November, as the nation’s import bill ballooned, particularly due to a rise in gold shipments. The gap between exports and imports stood at $37.8 billion in November, trade ministry data showed Monday, much higher than the $23 billion deficit forecast by economists in a Bloomberg survey. A widening trade deficit …

India’s imports rises to 27%, touches to record high of almost $70 billion
1 week ago

India’s imports rises to 27%, touches to record high of almost $70 billion

The Hindu  

India’s merchandise exports fell 4.83% to $32.11 billion in November while the import bill jumped 27% to a record high of almost $70 billion, as per data released by the Commerce Ministry. This is the third time in four months that India’s import bill has hit a record high, but November’s tally surpasses the last two occasions by a wide …

India faces high exposure to US trade policy shift
2 weeks, 4 days ago

India faces high exposure to US trade policy shift

Deccan Chronicle  

Chennai: India will be one of the key economies that are most exposed to a potential trade policy shift in the US under the new regime. The 2025 trade outlook is clouded by potential US policy shifts, including broader tariffs that could disrupt global value chains and impact key trading partners, said UNCTAD in its global trade update. This 3.3 …

India: Services Exports to Surpass Merchandise Shipments by 2030
1 month ago

India: Services Exports to Surpass Merchandise Shipments by 2030

Deccan Chronicle  

Chennai: With a growth rate double that of merchandise exports, services export is set to surpass the former in five years. Between FY2019 and FY2024, India’s merchandise exports grew at a compound annual growth rate of 5.8 per cent, while services exports surged ahead at a robust CAGR of 10.5 per cent. According to GTRI, at this rate, services exports …

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct
1 month ago

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct

Live Mint  

New Delhi: India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods. Growth in key sectors like pharmaceuticals, electronics, and engineering goods contributed to the overall gains, while a sharp decline was reported in traditionally strong sectors—petroleum and gems and jewellery—amid …

India’s trade deficit with China soars during April-October despite import curbs
Trending News
1 month, 1 week ago

India’s trade deficit with China soars during April-October despite import curbs

Live Mint  

New Delhi: India’s merchandise trade deficit with China has risen 13% during the first seven months of the current fiscal year, despite government measures aimed at cutting reliance on the Asian manufacturing major and restrictions on import of certain products from the country. India's goods trade deficit with China widened to $57.83 billion during April-October from $51.12 billion a year …

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda
1 month, 1 week ago

India’s current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda

Live Mint  

New Delhi, November 15 : India's current account deficit will remain within a manageable range for both FY25 and FY26, largely due to muted oil prices that are expected to support the country's external financial position, projected a recent report by Bank of Baroda. Despite global market volatility, the report stated that steady oil prices at current levels are a …

Merchandise exports surge amid focus on key markets, countries
Trending News
1 month, 1 week ago

Merchandise exports surge amid focus on key markets, countries

Hindustan Times  

India’s merchandise exports registered 17.25% growth to $39.20 billion in October over the same month last year, with non-petroleum exports aggregating a record $211.34 billion in the first seven months of current financial year despite global headwinds, commerce secretary Sunil Barthwal said, crediting a concerted policy push and Christmas demand for the growth. India’s services exports in October 2024 is …

Merchandise exports in Oct up 17 pc
1 month, 1 week ago

Merchandise exports in Oct up 17 pc

Deccan Chronicle  

Chennai: Buoyed by festive demand in the key markets, merchandise exports in October rose 17.26 per cent year-on-year to $39.2 billion, while it grew 13.3 per cent sequentially. While imports rose 3.88 per cent year-on-year, the sequential growth of 20 per cent saw the trade deficit widening to $27.14 billion. Imports grew 3.88 per cent year-on-year to $66.34 billion against …

India imports more from China, exports less during Apr-Oct 2024: Govt data
Trending News
1 month, 1 week ago

India imports more from China, exports less during Apr-Oct 2024: Govt data

Firstpost  

During the period, the top 10 import sources of India were China, Russia, the UAE, the US, Iraq, Saudi Arabia, Indonesia, Korea, Switzerland and Singapore, the data showed China was India’s top import source with $65.89 billion, a 9.8 per cent year-on-year increase, worth of inbound shipments during the April-October period of this fiscal, according to the commerce ministry data. …

India looks to boost air cargo amid Red Sea trade disruptions
1 month, 1 week ago

India looks to boost air cargo amid Red Sea trade disruptions

Live Mint  

New Delhi: India’s commerce ministry is pitching for air cargo to ship products such as pharmaceuticals, textiles, electronics and perishables that rely on swift delivery as disruption in the Red Sea trade route has increased freight costs, two people aware of the development said. "The government is considering measures to promote this segment, including tax incentives, rationalization of aviation turbine …

Merchandise exports set for modest rebound, to hit $107.5 billion in Q3: India Exim Bank
1 month, 1 week ago

Merchandise exports set for modest rebound, to hit $107.5 billion in Q3: India Exim Bank

Live Mint  

India's merchandise exports are likely to rise 1.85% year-on-year to $107.5 billion in the third quarter of FY25, according to India Exim Bank. Exim Bank has projected non-oil exports at $91.7 billion, marking a year-on-year growth of 7.39%. Read this | RITES sets sights on Africa for export of refurbished and underutilized railway diesel locos This anticipated growth signals a …

America First, round two: What Trump's trade agenda means for India and the world
1 month, 2 weeks ago

America First, round two: What Trump's trade agenda means for India and the world

India Today  

With Donald Trump’s return to the White House, global trade dynamics face a seismic shift. India’s strategic balance As Trump brings his protectionist trade policies back, India faces pressure to lower trade barriers or risk tariffs on key exports. Why India matters to the US India holds unique significance for the US — first, as a strategic partner in countering …

Is the spike in India’s trade deficit a worry?
3 months ago

Is the spike in India’s trade deficit a worry?

The Hindu  

The story so far: After a positive start to goods exports in the first quarter of 2024-25, there has been a blip in momentum. On the exports front, 18 of India’s top 30 segments recorded growth in July and 19 in August, but the big-ticket sectors like petroleum, and gems and jewellery, have tanked significantly. While gems and jewellery exports …

West Asia conflict hits trade flow, shipping cost up: EAM
3 months, 2 weeks ago

West Asia conflict hits trade flow, shipping cost up: EAM

New Indian Express  

NEW DELHI: The ongoing conflict in West Asia has understandably raised concerns about several contemporary initiatives, said External Affairs Minister S. Jaishankar on Friday. “Disruptions in crucial shipping routes, which have increased shipping costs and necessitated the rerouting of trade flows, are adding to our collective worries,” Jaishankar remarked while addressing the India-Mediterranean Business Conclave in Delhi. The Mediterranean, with …

India’s Trade Deficit Widens to $23.5B in July
4 months, 1 week ago

India’s Trade Deficit Widens to $23.5B in July

Deccan Chronicle  

Chennai: India's trade deficit widened to $23.50 billion in July as exports dipped 1.4 per cent and imports grew 7.5 per cent. However, combined exports of merchandise and services registered a growth of 2.8 per cent and the ministry expects this year’s combined exports to be higher than last year’s. Merchandise exports in July this year dipped by 1.4 per …

September quarter to see 4.2 pc growth in exports: Exim Bank
4 months, 1 week ago

September quarter to see 4.2 pc growth in exports: Exim Bank

Deccan Chronicle  

Chennai: Merchandise exports from India in the ongoing September quarter are projected to grow by 4.2 per cent to $111.7 billion, according to the Exim Bank. While the merchandise export for the second quarter of the fiscal is projected to grow by 4.2 per cent, the growth will be slower than the first quarter which saw merchandise exports growing by …

Trade tact: The Hindu Editorial on India’s trade policy focus
5 months ago

Trade tact: The Hindu Editorial on India’s trade policy focus

The Hindu  

India’s goods exports rose for the third successive month this June, growing 2.55% to $35.2 billion. With oil prices virtually unchanged over the last two months, this signals a drop in export volumes, just as a sharper 19.6% rise in June’s oil imports suggests a domestic demand spike. The oil deficit accounts for almost half of the first quarter trade …

India's exports in Q1 show resilience despite global slowdown: CRISIL
5 months ago

India's exports in Q1 show resilience despite global slowdown: CRISIL

New Indian Express  

India's exports have shown resilience amidst global challenges, with merchandise exports rising by 5.8% to $109.96 billion in the first quarter of fiscal 2025, according to CRISIL. "On a cumulative basis, merchandise exports rose 5.8% to $109.96 billion for the first quarter of fiscal 2025, from $103.9 billion in the year-ago period. This growth in exports in the first quarter …

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data
5 months, 1 week ago

India's exports soar 2.56 per cent to USD 35.2 billion in June: Govt data

India TV News  

The government of India on Monday released data on the exports by the nation in the month of June. According to the data, India's merchandise export in June increased by 2.56 per cent to $35.32 billion compared to $34.32 billion in June last year. In May, the country's merchandise exports increased by 9.1 per cent and reached USD 38.13 billion, …

Goods exports hit 12-month high of $41.68 billion in March
8 months, 1 week ago

Goods exports hit 12-month high of $41.68 billion in March

The Hindu  

India’s goods exports hit a 12-month high of $41.68 billion in March, although it constituted a 0.67% decline from last year’s tally, while imports dropped 6% to $57.3 billion last month. Goods imports dropped by a sharper 5.41% to $677.24 billion in 2023-24, which helped moderate India’s trade deficit for the year to $240.2 billion, 9.33% lower than the preceding …

Trade puzzle: The Hindu Editorial on exports and global trade
9 months ago

Trade puzzle: The Hindu Editorial on exports and global trade

The Hindu  

Towards the end of a tumultuous trading year, India’s goods exports jumped 11.9% in February, marking the healthiest uptick in 20 months. It is remarkable that this spurt, significantly higher than the average export tally of $35.4 billion in the first ten months of this year, comes amid persistent concerns about disruptions in the Red Sea and the drought-hit Panama …

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise
9 months, 1 week ago

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise

New Indian Express  

NEW DELHI: India’s trade deficit increased to $18.71 billion in February from $17.49 billion in January, with imports exceeding exports, amid red sea crisis, as per recent official data. Goods imports surged to $60.11 billion in February from $54.41 billion in January, while exports increased to $41.40 billion from $36.92 billion. Goods exports grew by 11.86% compared to $37.01 billion …

India’s monthly merchandise exports rise to $41.40 billion in February
9 months, 1 week ago

India’s monthly merchandise exports rise to $41.40 billion in February

Hindustan Times  

NEW DELHI: India reported a robust 12% annualised growth in merchandise exports at $41.4 billion in the month of February despite global headwinds, narrowing contraction in the first 11 months of 2023-24 by 3.6% to $395 billion, a senior official said. In 2022-23, India’s merchandise exports crossed $451 billion while overall exports achieved a record $770 billion. Releasing the monthly …

Key markets remain positive for engineering exports
9 months, 4 weeks ago

Key markets remain positive for engineering exports

Deccan Chronicle  

Chennai: Despite the Red Sea crisis, top markets, including the US, China, UAE and Russia remained positive for engineering exports in January. Engineering goods exports to as many as 13 out of the 25 top markets that contribute to 76 per cent of the total shipments recorded positive year-on-year growth in January 2024. Engineering shipments to the US rose 6 …

Red Sea blues: The Hindu Editorial On India’s goods exports
10 months ago

Red Sea blues: The Hindu Editorial On India’s goods exports

The Hindu  

February 20, 2024 12:15 am | Updated 02:11 pm IST For the second successive month, India’s goods exports grew last month, albeit with a mild 3.1% uptick from a 1% rise in December. To be clear, such sequential, post-Christmas demand dip is not unusual and all of the decline cannot be ascribed to the elephant haunting global trade corridors — …

Ties across the sea: The Hindu Editorial on the India-UAE close relationship
10 months ago

Ties across the sea: The Hindu Editorial on the India-UAE close relationship

The Hindu  

At first glance, Prime Minister Narendra Modi’s visit to the United Arab Emirates last week, might have seemed like any other bilateral visit he has undertaken. The timing may have been related to an invitation to address the ‘World Governments Summit’ in Dubai and to inaugurate Abu Dhabi’s first Hindu temple, but the 10 bilateral agreements signed need a closer …

India’s merchandise exports up 3.12% in January
10 months, 1 week ago

India’s merchandise exports up 3.12% in January

Hindustan Times  

India’s merchandise exports reported a 3.12% increase to $36.92 billion in January despite global headwinds, showing positive growth for the second consecutive month, with overall exports -- both goods and services -- estimated to have risen 9.27% to $69.72 billion in the month, government data released on Thursday said. Releasing trade data for January, commerce secretary Sunil Barthwal said, “Despite …

Merchandise Exports Grow 3% in Jan
10 months, 1 week ago

Merchandise Exports Grow 3% in Jan

Deccan Chronicle  

Chennai: Despite the Red Sea crisis, India managed to grow both merchandise exports and imports by 3 per cent in January. Merchandise imports were also up 3 per cent year-on-year last month at $54.41 billion, although they were down from $58.25 billion in December 2023. The merchandise trade deficit during the April-Jan period also narrowed by 9.26 per cent compared …

Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion
10 months, 1 week ago

Jan. goods trade deficit narrows sequentially to nine-month low of $17.5 billion

The Hindu  

India’s merchandise trade deficit, which had hit a record high of $29.9 billion in October, narrowed sequentially for the third straight month and touched a nine-month low of $17.5 billion in January, provisional estimates released by the Commerce Ministry on Thursday showed. Services exports, whose actual numbers will be released later, are estimated to have expanded 17.5% last month to …

Red sea disruptions cost exporters dear
10 months, 1 week ago

Red sea disruptions cost exporters dear

The Hindu  

Disruptions in the Red Sea route are pushing up logistics costs for exporters, even as several small volume cargo are diverted from sea route to air, which is leading to space constraints and higher air freight charges. According to the President of the Coimbatore Custom House and Steamer Agents Association R. Rajeshkumar, there is a space crunch for those wanting …

Disruptions in Red Sea route likely to raise freight and forwarding cost by 25-30%: Report
10 months, 2 weeks ago

Disruptions in Red Sea route likely to raise freight and forwarding cost by 25-30%: Report

The Hindu  

Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding cost by 25-30% for corporates largely dealing in international trade, a report by credit ratings agency Ind-Ra said on February 9. Med-sized entities to be hit The report also said that pressures on cash flow, although moderate for large entities, will further increase borrowings, especially …

Red Sea crisis | Costs up, but no adverse impact on India's trade so far, says official
10 months, 2 weeks ago

Red Sea crisis | Costs up, but no adverse impact on India's trade so far, says official

The Hindu  

There is no adverse impact on India's exports and imports so far due to the Red Sea crisis, an official said. Due to the attacks by Yemen-based Houthi rebels on commercial ships, the movement of goods from the Red Sea, the world's busiest shipping route, has disrupted the global supply chains as vessels have to take long routes for exports …

How escalating Red Sea crisis poses billions of dollars of risk for India
10 months, 3 weeks ago

How escalating Red Sea crisis poses billions of dollars of risk for India

Al Jazeera  

Houthi attacks on the Red Sea have forced shippers to avoid one of the world’s most crucial trade routes. Exporting Basmati from India has become a challenge for shippers as freight costs have shot up as high as five times with an increase in insurance premiums, shortage of containers and longer transit time, said, Vijay Kumar Setia, director of Chaman …

Red Sea shipping crisis: India on track to export record-low sulphur diesel to Europe in January
10 months, 3 weeks ago

Red Sea shipping crisis: India on track to export record-low sulphur diesel to Europe in January

Firstpost  

As Red Sea security risks drive up freight costs, India’s exports of low-sulphur diesel to Europe are poised to hit a fresh two-year low in January, after an unprecedented high last month, trade sources and analysts told Reuters. Cargoes loading from India typically sail to Europe via the Bab-el-Mandeb strait, a route that has become fraught since Houthi attacks on …

Red Sea Crisis: Agri commodities, Marine food export see maximum impact-CRISIL
10 months, 4 weeks ago

Red Sea Crisis: Agri commodities, Marine food export see maximum impact-CRISIL

Live Mint  

Red sea Crisis is posing challenges for many sectors and any aggravation of the crisis is looked as potential threat for the equity markets too as can stroke inflation. Also these regions accounted for 50% of India’s exports worth ₹18 lakh crore and 30% of imports worth ₹17 lakh crore last fiscal suggests CRISIL data. Differential impact across sectors- As …

India holding talks, taking other measures with Iran over Houthis' Red Sea attacks
11 months ago

India holding talks, taking other measures with Iran over Houthis' Red Sea attacks

Firstpost  

India is engaged in diplomatic discussions with Iran and implementing measures to safeguard its exporters from disruptions caused by attacks on ships in the Red Sea by the Iran-aligned Houthi group in Yemen. Indian Foreign Minister Subrahmanyam Jaishankar held talks in Iran on Monday which he said had touched on the Red Sea situation. The Red Sea, which leads to …

Red Sea crisis will lead to oil price hike in India: World Economic Forum chief
11 months, 1 week ago

Red Sea crisis will lead to oil price hike in India: World Economic Forum chief

India Today  

The ongoing tensions in the Red Sea due to recurrent attacks on merchant ships by Yemen's Houthi rebels have a negative impact on the global supply chain and would lead to a $10-20 increase in oil prices for oil-importing countries like India, which could have negative effects on its economy, World Economic Forum president Borge Brende said. We also know …

India’s stationary course in the shipping value chain
11 months, 3 weeks ago

India’s stationary course in the shipping value chain

The Hindu  

The Yangtze river has been China’s heartbeat through its long history. With private players venturing in an area dominated by large public sector facilities, India had shipyards that were beginning to give hope that they may well build ships competitively for the global market. Just as in other fields, India’s main source of growth and foreign exchange earning has been …

Red Sea strikes alarm basmati exporters, govt advises caution
11 months, 4 weeks ago

Red Sea strikes alarm basmati exporters, govt advises caution

Hindustan Times  

The Middle East conflict has alarmed shippers of basmati rice, India’s top agricultural export commodity, after two cargo vessels with Indian crew were struck by drones in the Red Sea by suspected Houthi rebels. Red Sea strikes alarm basmati exporters, govt advises caution Following the emerging risks, officials from the commerce ministry last week apprised a delegation of basmati exporters …

Indian exporters stare at freight cost hikes as ships avoid Suez Canal
1 year ago

Indian exporters stare at freight cost hikes as ships avoid Suez Canal

Live Mint  

Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions in the Red Sea. The alternative route around the Cape of Good Hope could increase shipping time between Mundra and Rotterdam by a third, experts said, adding …

A cloudy horizon: The Hindu Editorial on trade data
1 year ago

A cloudy horizon: The Hindu Editorial on trade data

The Hindu  

From a rare upward swing this October, India’s goods exports retreated into contraction last month, dipping 2.8% from 2022 levels to touch $33.9 billion. Imports dropped 4.33% to $54.5 billion, cooling the merchandise trade deficit to $20.6 billion, almost a third below October’s record high. August’s goods trade deficit was moderated by nearly three billion dollars, with the overall export-import …

Deceptive signals: The Hindu Editorial on India’s October 2023 goods exports numbers
1 year, 1 month ago

Deceptive signals: The Hindu Editorial on India’s October 2023 goods exports numbers

The Hindu  

Last month, India’s goods exports recorded only their second uptick this financial year, with a 6.2% rise. Merchandise imports grew a sharper 12.3% over last October and nearly 21% over September’s tally to hit an all-time high of $65.03 billion. The Finance Ministry’s monthly economic review asserted that merchandise exports “surprised on the upside” with the highest growth in 11 …

India sees 6.2% rise in goods exports in October
1 year, 1 month ago

India sees 6.2% rise in goods exports in October

The Hindu  

India’s goods exports grew only for the second time in 2023-24 in October, albeit on a low base, rising 6.2% to $33.6 billion, but imports jumped to a record high of $65.03 billion, 12.3% over last year, fuelled by higher gold inflows. Consequently, India’s monthly goods trade deficit widened to an all-time high of $31.46 billion, eclipsing the previous record …

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