Synopsis Preliminary data released by the commerce and industry on Thursday showed the trade deficit widening to a four-month high of $13.87 billion in August compared to $8.2 billion in the year-ago period and $11 billion in July. Led by petroleum products, engineering goods and gems and jewellery, India’s merchandise exports in August rose 45.17% year-on-year. However, growth moderated from 49.85% in July. Preliminary data released by the commerce and industry on Thursday showed the trade deficit widening to a four-month high of $13.87 billion in August compared to $8.2 billion in the year-ago period and $11 billion in July. Gold imports rose 82.22% on-year last month to a five month high of $6.7 billion and were responsible for 88% of the rise in the merchandise trade deficit relative to July. “Our exports are rocking. Export sector is doing very well. It is firing on all engines,” said commerce secretary BVR Subrahmanyam. Goods exports in August were $33.14 billion, up 27.5% over $25.99 billion in August 2019. In the April-August period, outbound shipments were $163.67 billion. “Top 10 major commodity groups, covering more than 80% of total exports, have shown positive growth in August over the corresponding month of previous… Read full this story
- Hyundai India Exports Over 5,000 Cars In May After Resuming Operations
- India exporting tea to China and Iran despite covid, border standoff
- India accounts for 45.8 million of the world’s ‘missing females’, says UN report
- India has a $6.6 billion plan to lure Big Tech into moving its manufacturing capabilities
- India Approves Purchase of 33 Fighter Jets, Including Su-30MKI, Worth $2.5 Billion From Russia
- India accounts for over 30% of world's 142.6 million 'missing females': UN report
- Apple may increase its manufacturing in India
- Exports improving, down by 36 pc in May: Piyush Goyal
- India eyes Kazakhstan, other CIS countries for tea exports
- India's auto and pharma sectors not ready to wean off China
India's exports zoom 45% to $33 billion in August have 286 words, post on economictimes.indiatimes.com at September 2, 2021. This is cached page on Vietnam Colors. If you want remove this page, please contact us.