Thursday 15 March 2018

February trade deficit narrows to $12 billion, exports show 4.5% growth -The Total Investment & Insurance Solutions


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15 March  2018
 
Trade Deficit (The Total Investment & Insurance Solutions)


India's trade deficit for February narrowed to $12 billion compared to $16.3 billion in the previous month. The Total Investment & Insurance Solutions

Imports for the month of February stood at 37.8 billion dollars, up 10.4% whereas exports for the same month stood at $25.8 billion rising 4.5%. 

The rise in imports was led by higher crude oil prices, data from the commerce ministry said. The Total Investment & Insurance Solutions

Total imports from April to February stood at $416.8 billion, showing a rise of 21% compared to same period last year. The Total Investment & Insurance Solutions

Total exports for the April-February period stood at $273.73 billion showing a rise of 11% on year. The Total Investment & Insurance Solutions

India's trade deficit touched a nearly 56-month-high in January sparked by a rise in import of petroleum, chemicals, silver, pearls and machine tools. The Total Investment & Insurance Solutions


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