Trade Deficit

India is on a trajectory to become the fourth largest economy of the world by 2020 (currently seventh place).India’s share in global exports has stagnated at 1.7 percent between 2011 and 2016 with levels reaching to 1.6 percent, intermittently, according to a report.

However, India’s merchandise export growth slowed down to a four month low in April with only 0.64% rise to $26.07 billion, while imports increased at a six-month high of 4.48% to $41.4 billion.

Trade with Countries

• Among India’s trading partners, the top five countries with which India has negative bilateral trade balance are China, Switzerland, Saudi Arabia, Iraq ....