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Imports have gradually normalised with non-crude and non-gold imports, said Acuite Ratings Acuite Ratings and Research has said the trade data release for March confirms what was already visible earlier -- a sharp reduction in merchandise trade deficit. India had a trade deficit of only 98.6 billion dollars in FY21, the lowest in the last five years and almost 50 per cent lower compared to the levels seen in FY19. Clearly, said Acuite, the economic disruption along with sharply lower crude oil prices and also a buoyancy in commodity exports have contributed to such a curtailment in deficit in...

Trade Deficit Widens To $14.12 Billion In March With Highest Ever Export Trade Deficit In March 2021: Merchandise export in March was $34 billion, compared to $21.49 billion over the corresponding period last year, registering a growth of 58.23 per cent. Updated: April 01, 2021 9:05 pm IST Exports were at an all-time high of $34 billion - the highest ever in terms of value and growth The country's trade deficit in goods widened to $14.12 billion in March 2021, as compared to $12.88 billion in February 2021, with exports recorded at an all-time high of $34 billion - the highest ever in t...

The data revealed that exports of petroleum products contracted 35.35 per cent to $ 2.34 billion in December 2020, while that of readymade garments shrank 15.05 per cent to $ 1.19 billion. However, exports of electronic goods grew by 16.51 per cent to $ 1.25 billion and of chemicals by 10.79 per cent to nearly $ 2 billion. If the merchandise and services are combined, the country's overall exports in the April-December period stood at $ 348.49 billion, a decline of 12.65 per cent over the corresponding period in 2019. Additionally, the outward shipments of rice, tea, spices as well as ...