Imports to India were flat year-on-year at USD 41.09 billion in January of 2019 after falling 2.44 percent in December, the biggest drop since August of 2016. Purchases fell for metaliferrous ores (-48.87 percent); pearls, precious and semi-precious stones (-36.51 percent); transport equipment (-21.43 percent); vegetable oil (-19.89 percent); and oil (-3.59 percent) but jumped 38.16 percent for gold. Imports in India averaged 7999.34 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 43231.63 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.