Exports increased by 3.2% to USD 24.5 billion in April, while imports rose 3.8% leading to lowest trade deficit India has logged in a year, Commerce Secretary Rahul Khullar said today (May 10, 2012).
Imports during the first month of the current fiscal aggregated to $ 37.9 billion, leaving a trade a deficit of $ 13.4 billion.
'This is the lowest trade deficit we have had in last one year... This month (April), we see deceleration in imports,' Khullar said.
The exporting sectors which registered healthy growth in April include engineering, electronic, pharmaceutical and chemical.
However, exports of gems and jewelleries contracted by 25.7% to USD 2.6 billion.
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Imports during the first month of the current fiscal aggregated to $ 37.9 billion, leaving a trade a deficit of $ 13.4 billion.
'This is the lowest trade deficit we have had in last one year... This month (April), we see deceleration in imports,' Khullar said.
The exporting sectors which registered healthy growth in April include engineering, electronic, pharmaceutical and chemical.
However, exports of gems and jewelleries contracted by 25.7% to USD 2.6 billion.
....more info