Imports to India increased 4.3% year-on-year to USD 43.17 billion in November of 2018, boosted by purchases of petroleum and crude (41.3%); electronic goods (0.3%); machinery, electrical and non-electrical (7.7%); coal, coke and briquettes (12.5%); and chemicals (10.8%). Gold purchases declined 15.6 percent. Imports in India averaged 7909.67 USD Million from 1957 until 2018, 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 44400.00 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 43209.38 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.