{"id":8931,"date":"2023-04-13T10:30:38","date_gmt":"2023-04-13T10:30:38","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/indian-exports-up-6\/"},"modified":"2023-04-13T10:33:25","modified_gmt":"2023-04-13T10:33:25","slug":"indian-exports-up-6","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/indian-exports-up-6\/","title":{"rendered":"Indian exports up 6% in year to end-March, Russian imports surge"},"content":{"rendered":"

NEW DELHI (Reuters) – India’s exports of merchandise and services rose by 6% in the fiscal year to March 31, Indian government data released on Thursday showed, while imports from Russia surged. <\/p>\n

A Reuters calculation put India’s merchandise trade deficit in March at $19.73 billion, higher than the $17.43 billion recorded in the previous month, and above the $18.30 billion forecast in a Reuters poll.<\/p>\n

March merchandise exports were $38.38 billion, up from $33.88 billion in February, while imports rose to $58.11 billion from $51.31 billion, the government data showed.<\/p>\n

India’s April-March merchandise exports were up 6% year-on-year to $447.46 billion, while goods imports during the same period were up 16.5% to $714.24 billion, the data showed.<\/p>\n

The country’s services exports in March were $27.75 billion, while services imports were $14.05 billion, according to the government’s preliminary estimate. Services exports in February were $29.15 billion, while imports were $14.55 billion.<\/p>\n

India’s merchandise and services exports were up nearly 14% on the year to $770.18 billion in the last fiscal year that ended on March 31, while imports were up 17.4% to $892.18 billion during the period.<\/p>\n

In the same period, India’s imports from Russia surged 369.44% to $46.33 billion.<\/p>\n

The rise in services exports has helped India’s current account deficit to shrink more than expected in the October-December quarter, offsetting weakness seen in goods exports. <\/p>\n

\n

(Reporting by Aftab Ahmed; Editing by Krishna N. Das and Alexander Smith)<\/p>\n

\"tagreuters.com2023binary_LYNXMPEJ3C0CI-VIEWIMAGE\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI (Reuters) – India’s exports of merchandise and services rose by 6% in the fiscal year to March 31, Indian government data released on Thursday showed, while imports from Russia surged. A Reuters calculation put India’s merchandise trade deficit in March at $19.73 billion, higher than the $17.43 billion recorded in the previous month, […]<\/p>\n","protected":false},"author":8,"featured_media":8932,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-8931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3C0CI-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/8931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=8931"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/8931\/revisions"}],"predecessor-version":[{"id":8933,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/8931\/revisions\/8933"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/8932"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=8931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=8931"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=8931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}