Imports to India slumped 51.05 percent from a year earlier to USD 22.20 billion in May 2020, due to lower purchases of gold (-98.40 percent), petroleum, crude & products (-71.98 percent), coal, coke & briquettes (-44.93 percent), electronic goods (-40.32 percent) and machinery, electrical & non-electrical (-34.37 percent). Considering the first two months of the 2020-21 fiscal year, imports dropped 54.67 percent to USD 39.32 billion.
Imports in India averaged 8608.74 USD Million from 1957 until 2020, reaching an all time high of 45730 USD Million in August of 2018 and a record low of 117.40 USD Million in August of 1958. This page provides the latest reported value for - India Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Imports - values, historical data and charts - was last updated on July of 2020. source: Ministry of Commerce and Industry, India
Imports in India is expected to be 33000.00 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 34500.00 in 12 months time. In the long-term, the India Imports is projected to trend around 36200.00 USD Million in 2021 and 40100.00 USD Million in 2022, according to our econometric models.