https://www.taxtmi.com/news?id=19435 India's external sector remained resilient in 2017-18 with a comfortable balance of payments despite quarterly CAD variation. The trade deficit widened markedly on a customs basis due to increases in both POL and non-POL deficits, while exports showed mixed sectoral performance - strong in engineering and petroleum products, moderate in chemicals and textiles, and negative in gems and jewellery. Prospects are supported by stronger world trade, improving demand, rising remittances and domestic measures including goods and services tax and trade facilitation, with higher oil prices the main downside risk. en-us Mon, 29 Jan 2018 13:18:42 +0530 Wed, 11 Feb 2026 15:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19435 India's external sector remained resilient in 2017-18 with a comfortable balance of payments despite quarterly CAD variation. The trade deficit widened markedly on a customs basis due to increases in both POL and non-POL deficits, while exports showed mixed sectoral performance - strong in engineering and petroleum products, moderate in chemicals and textiles, and negative in gems and jewellery. Prospects are supported by stronger world trade, improving demand, rising remittances and domestic measures including goods and services tax and trade facilitation, with higher oil prices the main downside risk. News - Mon, 29 Jan 2018 13:18:42 +0530 https://www.taxtmi.com/news?id=19435