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exports rise 19.21% to $27.84 bn in aug; trade deficit narrows to $17.4 bn

exports rise 19.21% to $27.84 bn in aug; trade deficit narrows to $17.4 bn Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



exports rise 19.21% to $27.84 bn in aug; trade deficit narrows to $17.4 bn

the country's exports rose at the fastest pace in three months to reach $27.84 billion in august on account of healthy growth in petroleum products, engineering, pharma, and gems and jewellery shipments. imports too grew by 25.41 per cent in august to $45.24 billion due to costlier crude oil shipments. in august, the growth rate in overseas shipments touched a three-month high of 19.21 per cent. earlier in may, exports had recorded a growth of 20.18 per cent.trade deficit during the month narrowed to $17.4 billion as against $12.72 billion in the same month last year, according to the data released by the commerce ministry friday. in july, the trade deficit soared to a near five-year high of $18.02 billion.exports of petroleum...