1. Exports up 20% in April; trade deficit widens to over $13 bn

Exports up 20% in April; trade deficit widens to over $13 bn

India's exports grew by 19.77 per cent to $24.63 billion in April on account of robust performance by sectors like petroleum, textiles, engineering goods as well as gems and jewellery.

By: | New Delhi | Published: May 15, 2017 7:14 PM

India’s exports grew by 19.77 per cent to $24.63 billion in April on account of robust performance by sectors like petroleum, textiles, engineering goods as well as gems and jewellery. Imports too jumped 49.07 per cent to $37.88 billion last month from $25.4 billion in April 2016, according to the data released by the commerce ministry.

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A huge jump in gold imports pushed up the trade deficit to $13.24 billion during the month under review from $4.84 billion a year ago.The imports of the precious metal rose 3-fold to $3.85 billion in April compared to $1.23 billion in the same month last year.In the last fiscal, 2016-17, exports saw a growth of 4.71 per cent to $274.64 billion as against $262.3 billion in 2015-16.

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