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Fall in Trade Deficit

News and Press Release - Dated:- 3-8-2016 - The merchandise trade deficit of India has narrowed over the last five years as per the details given below: Value in US $ Billion Year Export Import Trade Deficit 2011-12 305.96 489.32 -183.36 2012-13 300.40 490.74 -190.34 2013-14 314.41 450.21 -135.80 2014-15 310.35 448.03 -137.68 2015-16* 261.14 379.60 -118.46 Source: DGCI&S, * Figures as per Quick Estimates. The main reason behind this development is the differential impact of the global slowdo .....

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eing faced by Indian exporters in the backdrop of the global economic slowdown, the envisaged revenue outgo under MEIS was increased from ₹ 18000 Crore to ₹ 21000 Crore in October 2015 with accompanying enhancement in benefits on certain products and inclusion of certain additional items. On 04.05.2016, the Government has extended the market coverage to all countries in respect of 2787 lines. Hence Landing Certificates shall not be required under MEIS w.e.f 04.05.2016. This step has .....

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