Coal news and updates

India’s trade deficit up 1.41% y-o-y in August

September 17: India’s trade deficit (merchandise) for the month of August, 2014 provisionally rose 1.41% to $10,838.60 million compared to $10,688.04 million reported in the same month a year ago, according to an official release by the Ministry of Commerce and Industry.

On a month-on-month basis, however, India’s trade deficit for August, 2014, fell by almost 11% compared to $12,228.63 million in July 2014.

The trade deficit for April-August of the current financial year (2014-15) was estimated at $56,151.16 million which is lower than the deficit of $70,602.13 million reported during April-August, 2013-14. 

Exports, including re-exports, during August, 2014 were valued at $26,958.22 million (Rs 164,162.61 crore) which was 2.35% higher in dollar terms (1.39% lower in rupee terms) than the level of $26,337.98 million (Rs 166,479.20 crore) during August, 2013.

The cumulative value of exports for the period April-August, 2014-15 was $134,798.12 million (Rs 80,9619.58 crore) as against $125,618.95 million (Rs 731,510.66 crore) in the year-ago period, registering a growth of 7.31% in dollar terms and growth of 10.68% in rupee terms over the same period last year.

Imports during August, 2014 were valued at $37,796.82 million (Rs 230,164.50 crore), representing a growth of 2.08% in dollar terms and  a negative growth of 1.65% in rupee terms over the level of imports valued at $37,026.02 million (Rs 234,037.05 crore) in August, 2013.

The cumulative value of imports for the period April-August, 2014-15 was $190,949.28 million (Rs 114,6830.53 crore) as against $196,221.08 million (Rs 113,7358.03 crore), registering a negative growth of 2.69% in dollar terms and growth of 0.83% in rupee terms over the same period last year.