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

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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Updated Date: Apr 15, 2019 19:48:14 IST

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