Wednesday, March 12, 2014

India's exports fall in February but trade gap shrinks

  • In February 2014 India’s exports have contracted by 3.67 percent to 25.7 billion dollars (159858.16 crore rupees). 
  • This contraction is the first in past eight months. 
  • Imports of the country also have fell by 17.09 percent to 33.8 billion dollars (210451.11 crore rupees) during the month. 
  • This fall in imports and exports has resulted in narrowing the trade deficit to a dive-month low of 8.1 billion dollars. 

Note : 
The trade deficit during April-February 2013-14 was estimated at 128086.26 million US dollars, which was lower than the deficit of 179929.64 million US dollar during April-February 2012-13.

No comments:

Post a Comment