Exports jump 27.6% in March; trade deficit swells to US $10.4 billion

A huge spike in gold imports pushed the trade deficit to US $10.43 billion during the month under review from US $4.4 billion a year ago.

FP Staff April 13, 2017 19:33:55 IST
Exports jump 27.6% in March; trade deficit swells to US $10.4 billion

New Delhi: India's exports grew by 27.6 percent to US $29.23 billion in March on account of robust performance by sectors like petroleum, textiles, engineering goods and gems and jewellery.

Exports jump 276 in March trade deficit swells to US 104 billion

Reuters

Imports too jumped 45.25 percent to US $39.66 billion last month from US $27.3 billion in March 2016.

A huge spike in gold imports pushed the trade deficit to US $10.43 billion during the month under review from US $4.4 billion a year ago.

The imports of the precious metal rose to US $4.17 billion in March this year compared to US $973.45 million in the same month last year.

For the full fiscal 2016-17, exports saw a growth of 4.71 percent at US $274.64 billion against US $262.3 billion in 2015-16.

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