India’s exports rose by 11.15 percent to $27.68 billion in September while imports dipped by 18 percent, helping to narrow trade deficit to a two-and-a-half-year low, government data showed.
India’s exports rose by 11.15 percent to $27.68 billion in September while imports dipped by 18 percent, helping to narrow trade deficit to a two-and-a-half-year low, government data showed on Wednesday.
According to data released by the commerce ministry here, imports slumped by 18.10 percent to $34.44 billion in September, leaving a monthly trade deficit of $6.76 billion. This is the lowest trade deficit since March 2011.
Trade deficit was recorded at $10.9 billion in August and $12.27 billion in the previous month.
-IANS
