RICH INVESTING iDEAS

India's Trade Deficit to USD 11 Billion in October 2019 India's Balance of Trade increased to USD 11.01 Billion in the month of October 2019. It was USD 10.86 Billion in the last September. The Trade deficit during October 2018 was said to USD 18 Billion. However the current Trade deficit for India is lower than the Market Forecast of USD 12.05 Billion. India's October 2019 import rate has fallen due to decline in Petroleum and Crude Products. Imports of Crude and Petroleum products fell 31 Percent, while Electronic Goods and Transport Equipment fell by 8.5 Percent and 14.70 Percent respectively. But the Gold imports rose by 4.7 Percent in the month of October 2019. The Exports for India were fell by One Percent in October 2019. Exports of Petroleum products has fallen 14.60 Percent and Plastic products fell by 11 Percent. Exports of Textiles, Cotton yarn and its products were also declined in the last month. Exports of Pharmaceuticals and and Electronic Goods also suffered...

India Trade deficit slipped to USD 9.6 Billion in February 2019 India's Balance of Trade were improved in the month of February 2019, as the trade deficit slipped to USD 9.6 Billion. This is the lowest trade deficit Since September 2017. In the year 2018, for the same period it was seen that the trade deficit were at USD 12.3 Billion. Mostly, the export numbers were driven by Engineering goods, Drugs and Pharmaceuticals. In the Balance of Trade for India, the exports were increased by 2.4 percent year on year to USD 26.7 Billion. The Drugs and Pharmaceuticals holding with 16.1 percent and the Engineering goods of 1.7 percent in the Exports. On the same time, the Import numbers were declined by 5.4 percent to USD 36.3 Billion, which was a positive sign for the Country (26.7 Billion - 36.3 Billion = -9.6 Billion) - Trade deficit. For the imports, it was driven by Gold, Oil and Electronic goods in the last month. The Gold imports were declined by -10.8 percent. The decline in Oil impo...