Exports contract for 13th month in a row in Dec '15; gold imports rise to $3.8 bn

Exports contract for 13th month in a row in Dec '15; gold imports rise to $3.8 bn

Imports too plunged 3.88 percent to USD 33.9 billion in December.

Need to reduce dependence on electronic imports, says Modi

Favouring reduced dependence on imports, particularly, of electronic items, BJP's prime ministerial candidate Narendra Modi today said there should be focus on manufacturing sector along with services to tide over the mismatch as also to ensure better inclusive growth.

India imports 6.74 million tons of oil from Iran

India imported 6.74 million tonnes of crude oil from Iran during the first nine months of current fiscal, the Lok Sabha was informed on Friday.

Falling rupee takes shine off India's apple imports: USDA

"A continued decline of the rupee against the dollar could affect importer and consumer appetites for imported fruit (apple) during 2013," the US Department of Agriculture (USDA) said in its latest report.

Exports rise after 8 months, trade deficit still second highest ever

The trade deficit, which is the difference between imports and exports, however, continued to be cause of concern. It soared to a three-month high of USD 20 billion.

Aussie biz need cost cuts; India, China seek new import sources

Australian Trade Minister Craig Emerson on Tuesday suggested slashing of costs for Australian businesses to help them compete globally, as a new report said that nations like China and India are looking for alternative suppliers within Asia for imports.

Nov exports rise 3.9% at $22.3 bln y/y

India's November exports rose an annual 3.87 percent to USD22.3 billion, while imports for the month rose 24.55 percent to USD35.9 billion, the government said in a statement on Monday.

India's exports up 44.2% in August, imports grow by 41.8%

India's exports maintained their growth momentum in August, 2011, rising by 44.2 percent year-on-year to USD 24.3 billion despite the economic woes in traditional Western markets, according to data released by the Commerce Ministry Monday.