Goldman Sachs projects a wider trade gap as India’s improving domestic consumption pulls in more non-oil non-gold imports even as services exports stay strong.
Tag: Imports
Prime Minister Narendra Modi makes seven appeals for economic self-reliance
Prime Minister Modi urged citizens to conserve energy and reduce luxury imports amid global economic challenges.
India’s Crude Oil Imports from Russia Rise to 2.66 Million Barrels Per Day in June Surpassing May
India continues to be one of the world’s largest buyers of discounted Russian crude with June import volumes significantly exceeding the previous month’s figure.
India’s Crude Oil Imports from Russia Hit 2.66 Million Barrels Per Day in June
India continues to be one of the largest buyers of discounted Russian crude with June volumes significantly above May’s 1.91 million bpd.
India’s Russia Oil Imports Decline Structurally as Diversification Strategy Gains Momentum
Data showed India’s Russian oil imports have begun to decline structurally as the government pushed for a more diversified oil import strategy from Gulf and other sources.
India’s Non-Oil Non-Gold Imports Rising as Consumer Demand Improves in 2026
Higher non-oil and non-gold imports signalled recovering consumer demand in India even as the current account deficit widened.
Indian Steel Imports Overtake Exports in April as Global Surplus Hits Domestic Market
Cheaper imported steel from China and other producers flooded the Indian market as domestic producers faced a competitive squeeze.