Press Information Bureau

Government of India

Ministry of Commerce & Industry

05-December-2012 16:10 IST

In the by-gone months of the year 2012, there is fall in trade deficit from Feb 2012 to April-2012, rise in May 2012, fall in June 2012 and since then it is rising till October 2012. The month wise value of Exports, Imports and Trade Deficit are as below:

Value in US $ Billions

Source: DGCI&S, Kolkata             

The Current Account deficit in 2011-12 at US$ 78.2 billion was 4.2 per cent of GDP as compared with US$ 45.9 billion forming 2.7 per cent of GDP in 2010-11.

This information was given by the Minister of State for Commerce & Industry Dr. D. Purandeswari in written reply to a question in Rajya Sabha today.

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DS

Trade deficit widening amid monthly export-import fluctuations, contributing to a larger current account gap relative to GDP. Monthly merchandise trade data for 2012 show exports and imports fluctuating, with the trade deficit narrowing between February and April, rising in May, falling in June, and then increasing through October. The press release links these movements to the broader external position by reporting the 2011-12 current account deficit at US$ 78.2 billion (about 4.2% of GDP), up from US$ 45.9 billion (about 2.7% of GDP) in 2010-11, sourced to DGCI&S, Kolkata.