July trade deficit narrows to $13.43 billion

NEW DELHI: India’s trade deficit in July narrowed to $13.43 billion from $18.63 billion a year ago, the trade ministry said in a statement on Wednesday, helped by lower oil import bill.Oil imports dived 22.15% to $9.60 billion in July from $12.33 billion in a year-ago period.Merchandise exports rose 2.25% to $26.33 billion in July … Read more July trade deficit narrows to $13.43 billion

Iran Hopeful India Will Act In Its National Interest On Oil Imports Issue

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India’s relations with other countries do not affect us, says Iran’s Ambassador to India. (File) New Delhi:  Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a “protector” of India’s energy security. Iran’s Ambassador to India Ali … Read more Iran Hopeful India Will Act In Its National Interest On Oil Imports Issue

Iran oil imports to be guided by India’s energy interests

NEW DELHI: India is hopeful that future negotiations between the US and Iran may help restart energy imports from Tehran even as New Delhi maintains that its policy on oil purchases from the Persian Gulf nation would continue to be guided by its commercial and energy interests. The Iranian situation will be a key discussion … Read more Iran oil imports to be guided by India’s energy interests

Filling Iran oil gap in India: US supplies outshine Middle East crude

NEW DELHI: A surge in India’s oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on Tehran in November, according to tanker arrival data obtained from sources. U.S. President Donald Trump‘s administration renewed sanctions against Iran last year over its nuclear programme, … Read more Filling Iran oil gap in India: US supplies outshine Middle East crude

India raises concerns over rising oil prices with Saudi Arabia

NEW DELHI: India’s oil minister Dharmendra Pradhan expressed concerns about rising crude oil prices to his Saudi Arabian counterpart, Khalid al-Falih, on Friday amid worsening U.S.-Iranian tensions, a government statement said. Global oil prices rose sharply on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides … Read more India raises concerns over rising oil prices with Saudi Arabia

View: India has to navigate US’ Iran oil sanctions both economically and geopolitically

By Sanjaya Baru From Venezuela to Iran, on the supply side, and from France to India, on the demand side, the market for oil has once again been invaded by politicians and geopolitical strategists. While demanding of the world ‘fair trade’ practices, US President Donald Trump has resorted to the ultimate unfair trade practice of … Read more View: India has to navigate US’ Iran oil sanctions both economically and geopolitically

pharmaceutical industry: Exports grow 11% in March; trade deficit narrows

NEW DELHI: India’s exports grew by 11 per cent to USD 32.55 billion in March on account of higher growth in sectors including pharma, chemicals and engineering, government data showed Monday. Imports rose by 1.44 per cent to USD 43.44 billion during the month. However, trade deficit narrows to USD 10.89 billion as compared to … Read more pharmaceutical industry: Exports grow 11% in March; trade deficit narrows

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