Trade deficit widens to $27.98 billion in August
Exports rose marginally by 1.62% to $33.92 billion last month as compared to $33.38 billion in August 2021.
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September 2022
August 2022
July 2022
June 2022
May 2022
April 2022
India's trade deficit up 3x in July at $31 bn
India has maintained its exports in July despite anti inflationary measures and continued disruptions in supply chains due to Covid and Russia-Ukraine conflict.
Medical devices imports from China, U.S. up 41% in FY22
India’s top 5 medical device import sources -- China, USA, Germany, Singapore and the Netherlands – together account for ₹37,519 crore, or 68%, of the total value of imports
Indian economy to grow at 7-8% in H1 FY23: India Inc
CII CEOs poll reveals regardless of current disruptions, top industry CEOs have an “upbeat outlook” for H1 FY23
Dragon Strikes
Imports from China were the highest ever in FY2022. But this does not signal the failure of India’s strategy to reduce dependence on China.
India's exports rise 30% in April
Labour-intensive sectors also contributed to the exports basket, which itself is a good sign, further helping job creation in the country.
Halting Russian oil imports will jack up international crude prices: Govt
The government warned that many countries in the immediate neighbourhood are facing severe fuel shortages and chaos due to high fuel inflation.
Indian medical device industry can touch $47 billion by 2030: KPMG
The medical devices sector is 70-80% import dependent in India.
Services exports hit all-time high of $250 billion in FY22; overall exports rise 34.5%
Record rise in services exports propelled India’s overall exports to an all-time high of $669.65 billion in FY22.
India's current account deficit at nine-year high
The current account deficit was at 2.7% of the GDP in the third quarter of financial year 2021-22.
