https://www.taxtmi.com/news?id=22824 India's merchandise exports and imports contracted sharply in April 2020 due to Covid-19-related global slowdowns, with most commodity groups recording steep year on year declines while only Iron Ore and Drugs & Pharmaceuticals grew modestly; oil and non oil imports also fell markedly influenced by lower global crude prices. Services figures for April 2020 are provisional estimates pending RBI revision, and the services surplus partly offset the narrowed merchandise deficit, leaving an estimated small overall surplus for April 2020. en-us Fri, 15 May 2020 18:25:26 +0530 Fri, 15 May 2020 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22824 India's merchandise exports and imports contracted sharply in April 2020 due to Covid-19-related global slowdowns, with most commodity groups recording steep year on year declines while only Iron Ore and Drugs & Pharmaceuticals grew modestly; oil and non oil imports also fell markedly influenced by lower global crude prices. Services figures for April 2020 are provisional estimates pending RBI revision, and the services surplus partly offset the narrowed merchandise deficit, leaving an estimated small overall surplus for April 2020. News - Fri, 15 May 2020 18:25:26 +0530 https://www.taxtmi.com/news?id=22824