Imports to India went down 2.44 percent year-on-year to USD 41.01 billion in December of 2018, the biggest fall since August of 2016, mainly dragged down by a 24.33 drop in gold purchases. On the other hand, increases were seen for imports of iron and steel (15.61 percent); coal, coke and briquettes (11.39 percent); machinery (8.38 percent); petroleum and cruce products (3.16 percent); and chemicals (2.72 percent). Imports in India averaged 7954.32 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 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.