Future of Indian trade is in services exports
Services exports are booming, significantly reducing trade deficits generated by merchandise trade, but it remains a blind spot for policymakers with little data, analysis or efforts to push
indias trade deficit
April 2023
February 2023
September 2022
June 2022
India's merchandise exports rise to $447 bn in FY23
Merchandise exports dropped 13.9% year-on-year to $38.38 billion in March while imports fell 7.9% year-on-year to $58.11 billion.
Exports dip 6.6% to $33 bn in Jan; trade deficit at $17.7 bn
India's trade deficit ballooned to $83.5 billion in FY22, a manifold rise from Covid-hit year of 2020-21 when it was $13.2 bn, shows govt data
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.
Rising IPR imports draining India’s forex; 2021 outgo at $8.6 billion
In the last four decades, India’s payment for the use of intellectual property rose by 56,862% from $15.1 million in 1981 to $8,631.3 million in 2021.
