Exports rise at fastest pace in 3 months in Aug; trade deficit narrows to $17.4 bn
Most Popular (6 hours)

Mock bomb drill at city airport

- business-standard

Army conducts run-for-harmony

- news.statetimes.in

Army holds awareness lecture

- news.statetimes.in

Most Popular (24 hours)

Most Popular (a week)

Understand the RSS

- indianexpress

Exports rise at fastest pace in 3 months in Aug; trade deficit narrows to $17.4 bn

The country s exports rose at the fastest pace in three months to reach USD 27.84 billion in August on account of healthy growth in petroleum products, engineering, pharma, and gems and jewellery shipments. Imports too grew by 25.41 per cent in August to USD 45.24 billion due to costlier crude oil shipments. In August, the growth rate in overseas shipments touched a three-month high of 19.21 per cent. Earlier in May, exports had recorded a growth of 20.18 per cent. Trade deficit during the month narrowed to USD 17.4 billion as against USD 12.72 billion in the same month last year, according to the data released by the commerce ministry Friday. In July, the trade deficit soared to a near five-year high of USD 18.02 billion. Exports of petroleum products, engineering, pharma and gems and jewellery in August rose by 43.25 per cent, 31.81 per cent, 28.52 per cent and 34.76 per cent respectively. Oil imports in August grew by 51.62 per cent to USD 11.83 billion and non-oil imports were up .

Read on the original site


Hashtags:   

Exports

 | 

rise

 | 

fastest

 | 

pace

 | 

months

 | 

Aug

 | 

trade

 | 

deficit

 | 

narrows

 |