Source: The Economic Times, Mar 15, 2018
India’s exports grew 4.48% in February to $25.8 billion and led to narrowing of the trade deficit to $12 billion, official data showed on Thursday. Though exports in eighteen out of 30 sectors grew, outbound shipments of traditional industries like gems and jewellery, readymade garments and carpets declined.
Import growth outpaced that of exports despite the contraction in imports of gold and transport equipment. A 17% decline in gold imports last month aided a slower growth in imports at 10.4% compared with 26% rise in January. Read the rest of this entry »