India’s trade deficit narrows to 7-month low of $8.98 billion in September
Fri Oct 13 2017
Rajesh Sharma (2002 articles)

India’s trade deficit narrows to 7-month low of $8.98 billion in September

India’s trade deficit narrowed to $ 8.98 billion in September, its lowest in seven months, government data showed on Friday.

The deficit was $ 11.64 billion in August.

Merchandise exports for September rose 25.67 percent from a year ago to $ 28.61 billion, mainly driven by a rise in export of engineering and oil products.

Goods imports last month were $ 37.6 billion, a gain of 18.09 percent from the same period last year, data from the commerce and industry ministry showed.

 

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.