India's export growth slips to 2.35 pc at USD 26.95 bn in Aug

By Super
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts
    India's export growth slips to 2.35 pc at USD 26.95 bn in Aug
    Continuing the downtrend, India's export growth slipped to 2.35 per cent at USD 26.95 billion in August, pushing up trade deficit to USD 10.83 billion.

    Gold imports have jumped significantly to USD 2.03 billion during the month under review from USD 738.7 million a year ago. According to the Ministry of Commerce and Industry's data, overall imports grew only 2.08 per cent to USD 37.79 billion. Exports in May and June had registered a growth of 12.4 per cent and 10.22 per cent, respectively. In July, export growth further slipped to 7.33 per cent.

    In April-August period, exports grew 7.31 per cent to USD 134.79 billion. Imports, however, dipped by 2.69 per cent to USD 190.94 billion during the first five months of this financial year. Trade deficit during the period (April-August) stood at USD 56.15 billion down from USD 70.6 billion during the same period last year. Oil imports declined by 14.97 per cent in August to USD 12.83 billion. However non-oil imports during the month under review were up by 13.82 per cent to USD 24.95 billion.


    Read more about: export imports
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more