New Delhi, May 13 (IANS) India’s exports increased 1.68 percent to $24.16 billion in April, from $23.76 billion during the corresponding month of last year, government data showed Monday. The rise was for the fourth straight month.
Exports had increased by 6.97 percent at $30.84 billion in March, from $28.83 billion in the like period of 2012.
India’s imports in April grew at a faster pace, compared to exports, by 10.96 percent to $41.95 billion, over the level of imports valued at $37.80 billion during April 2012.
Imports during March grew at a slower pace, in comparison to exports, at 2.87 percent at $41.16 billion from $42.38 billion in the same month of 2012.
According to the commerce ministry, the trade deficit in the month under review grew to $17.78 billion from $14.04 billion during the corresponding month of last year.
Oil imports during April were higher by 3.92 percent valued at $14.08 billion from $13.55 billion in the corresponding month last year. Non-oil imports during the last month grew by 14.90 percent at $27.86 billion from $24.25 billion in April 2012.
Oil imports during March were lower by 16.56 percent valued at $13.32 billion from $15.97 billion in the corresponding month last year. Non-oil imports during the last month grew by 5.41 percent at $27.83 billion from $26.40 billion in March 2013.
The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual.
Hill Post makes no representations as to the accuracy or completeness of any information on this site page.