Exports dip, imports grow 7.15 per cent in March

Source: The Hindu Business Line, Apr 13, 2018

New Delhi: India’s exports dipped by 0.66 per cent to $29.11 billion in March, even as they increased by 9.78 per cent for the full 2017-18 fiscal.

Exports aggregated at $302.84 billion in 2017-18 as compared to $275.85 billion in the previous fiscal.Imports in March grew by 7.15 per cent to $42.8 billion, leaving a trade deficit of $13.69 billion, according to data released by the Commerce Ministry today.

Oil imports during the month were valued at $11.11 billion, 13.92 per cent higher than the same month previous year.

During 2017-18, imports increased by 19.59 per cent to $459.67 billion.Trade deficit during the fiscal stood at $156.83 billion.

 

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