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Exports decline 6%; imports dip 13.45%

India's exports dropped by 6.05% to $26.13 billion in August mainly on account of a significant dip in shipments from key labour intensive sectors such as petroleum, engineering, leather, and gems & jewellery. Imports too declined by 13.45% to $39.58 billion led by non-oil and non-gold sectors, thus narrowing trade deficit to $13.45 billion in August. However, the trade gap widened marginally from $13.43 billion in July. In August, oil imports declined by 8.9% to $10.88 billion, and non-oil imports fell by 15% to $28.71 billion.

Read More at The Economic Times News date : 16 Sep 2019, Monday

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