Imports to India rose 1.44 percent from a year earlier to USD 43.44 billion in March 2019, due mainly to purchases of oil (5.55%), while declines were seen in major commodity groups: coal, coke & briquettes (-14.85%); organic & inorganic chemicals (-6.35%); machinery, electrical & non-electrical (-5.74%); electronic goods (-5.69%); and pearls, precious & semi-precious stones (-1.03%). Considering April to March 2018-19, imports increased 8.99 percent to USD 507.44 billion from USD 465.58 billion in the same period of the previous fiscal year. Imports in India averaged 8085.18 USD Million from 1957 until 2019, reaching an all time high of 45281.90 USD Million in May of 2011 and a record low of 117.40 USD Million in August of 1958.
Imports in India is expected to be 43211.63 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in India to stand at 45900.00 in 12 months time. In the long-term, the India Imports is projected to trend around 43000.00 USD Million in 2020, according to our econometric models.