Imports to India were down 9.06 percent from a year earlier to USD 40.29 billion in June 2019, as purchases fell for pearls, precious & semi-precious stones (-23.64 percent), petroleum products (-13.33 percent), machinery, electrical & non-electrical (-9.03 percent), coal, coke & briquettes (-3.44 percent), and electronic goods (-1.66 percent). Considering April-June 2019-20, imports fell 0.29 percent to USD 127.04 billion. Imports in India averaged 8222.23 USD Million from 1957 until 2019, reaching an all time high of 45350 USD Million in May of 2019 and a record low of 117.40 USD Million in August of 1958.
Imports in India is expected to be 44500.00 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 45700.00 in 12 months time. In the long-term, the India Imports is projected to trend around 45100.00 USD Million in 2020, according to our econometric models.