Trade Deficit

Exports Hit USD 69.16 Billion in August, Deficit Shrinks Sharply

Exports Hit USD 69.16 Billion in August, Deficit Shrinks Sharply

New Delhi: India’s combined exports of goods and services climbed to USD 69.16 billion in August 2025, registering a 9.34% increase from USD 63.25 billion in the same month last year, according to the Union Commerce Ministry.Merchandise shipments rose from USD 32.89 billion to USD 35.10 billion, while services exports advanced from USD 30.36 billion to USD 34.06 billion during the month.Imports fell to USD 79.04 billion in August, down from USD 84.99 billion in August 2024, leading to a trade deficit of USD 9.88 billion — less than half of the USD 21.73 billion recorded a year earlier.Between April…
Read More
US Suspends Additional Tariffs on Indian Goods Until July 9, Baseline Duties Remain

US Suspends Additional Tariffs on Indian Goods Until July 9, Baseline Duties Remain

New Delhi, April 10, 2025: In a temporary relief to Indian exporters, the United States has suspended its newly imposed 26% additional tariffs on Indian goods for 90 days, effective April 10. The suspension will last until July 9, 2025, according to an executive order from the White House.President Donald Trump had announced steep reciprocal duties on April 2 targeting 60 countries, including India, with the aim of curbing the trade deficit and bolstering American manufacturing. India was among the hardest hit, with tariffs impacting sectors such as shrimp, steel, aluminium, and auto components.However, the suspension applies only to the…
Read More