India's April Exports Hit 5-Month Low, Trade Deficit Widens

17 May 2024 CW Team

India's export figures for April reveal a decline to a five-month low, accompanied by a widening trade deficit, marking a challenging start to the fiscal year. According to recent data, exports from India in April totaled significantly lower compared to previous months, influenced by global economic uncertainties and logistical challenges.

The trade deficit, meanwhile, reached a four-month high, indicating increased imports relative to exports during the period. This imbalance underscores ongoing concerns about India's trade dynamics amid fluctuating global demand and supply chain disruptions.

Key sectors contributing to the decline in exports include gems and jewelry, engineering goods, and petroleum products. These segments, traditionally strong contributors to India's export basket, faced headwinds such as reduced international demand and logistical constraints.

Efforts to revive exports include government interventions and policy measures aimed at enhancing competitiveness and addressing sector-specific challenges. These initiatives seek to stimulate export growth across diverse industries and mitigate the impact of global economic uncertainties.

Despite the April downturn, analysts remain cautiously optimistic about the prospects for India's exports in the coming months, citing potential improvements in global economic conditions and ongoing efforts to streamline trade processes.

Addressing the widening trade deficit, authorities are expected to focus on strategies to boost export competitiveness, diversify market reach, and strengthen domestic manufacturing capabilities. These measures aim to support India's broader economic recovery and position the country as a resilient player in the global trade landscape amidst evolving challenges.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..