Exports rise 11% in March on higher growth in pharma, chemicals, engineering; trade deficit narrows

India's exports grew by 11 percent to $32.55 billion in March on account of higher growth in sectors including pharma, chemicals and engineering, government data showed on Monday

Press Trust of India April 15, 2019 19:48:14 IST
Exports rise 11% in March on higher growth in pharma, chemicals, engineering; trade deficit narrows
  • Trade deficit narrows to $10.89 billion in March 2019 as compared to $13.51 billion in the same month last year

  • For the full fiscal (2018-19), exports grew by 9 percent to $331 billion and imports rose by 8.99 percent to $507.44 billion

  • In result, the country's trade deficit widened to $176.42 billion for the entire fiscal, compared to $162 billion in 2017-18, data showed

New Delhi: India's exports grew by 11 percent to $32.55 billion in March on account of higher growth in sectors including pharma, chemicals and engineering, government data showed on Monday.

Exports rise 11 in March on higher growth in pharma chemicals engineering trade deficit narrows

Representational image. Reuters.

Imports rose by 1.44 percent to $43.44 billion during the month. However, trade deficit narrows to $10.89 billion as compared to $13.51 billion in the same month last year.

Gold imports rose by 31.22 percent to $3.27 billion in March 2019.

Oil imports rose by 5.55 percent in March to $11.75 billion.

For the full fiscal (2018-19), exports grew by 9 percent to $331 billion and imports rose by 8.99 percent to $507.44 billion.

In result, the country's trade deficit widened to $176.42 billion for the entire fiscal, compared to $162 billion in 2017-18, data showed.

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