Trade
India’s merchandise trade deficit hits $70.25 billion in Q1
06 Jul 2022
The country imported goods valued at $63.58 billion in June alone against exports valued at $37.94 billion during the month
India’s exports hit a record $37.3 bn in May
06 Jun 2022
However, merchandise trade deficit of the country zoomed to $23.32 billion for May 2022 and to $43.81 billion for the first two months of the fiscal (April-May 2022-23)
Quad summit sees launch of Indo-Pacific Economic Framework
24 May 2022
“India will work with all of you to build an inclusive and flexible Indo-Pacific Economic Framework,” Prime Minister Narendra Mosi said, even as he emphasised on the three main pillars of resilient supply chains - Trust, Transparency and Timeliness
India set to join US-led Indo-Pacific Economic Forum
23 May 2022
India and the US have reportedly reached an understanding on the IPEF during finance minister Nirmala Sitharaman’s visit to the US last month, and US President Joe Biden will be launching the IPEF at the Quad Summit in Tokyo next week
India begins its FY22 with a $20 billion merchandise trade deficit
16 May 2022
India exported goods valued at $40.19 billion in April 2022 against merchandise imports valued at $60.30 billion during the month
India, Australia sign trade deal to forge closer ties
07 Apr 2022
The deal with India removes tariffs on more than 85 per cent of Australian goods, including sheep meat, wool, copper, coal, alumina, fresh rock lobster, and some critical minerals and non-ferrous metals exported to India while 96 per cent of Indian goods imports would enter Australia duty-free