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12 September 2018
 |
| Trade Deficit (The Total Investment & Insurance Solutions) |
India's
exports grew by 19.21 percent to $27.84 billion in August on account of healthy
performance by sectors such as petroleum.
"Export
trade during August 2018 recorded at $27.84 billion, a positive growth of 19.21
percent. Exports excluding Petroleum also reported a positive growth of 17.43
percent," Commerce and Industry Minister Suresh Prabhu said in a tweet.
Merchandise
imports too rose by 25.41 percent in August to $45.24 billion due to the rising
crude oil prices, leaving a trade deficit of $17.4 billion.
In
July, trade deficit soared to a near five-year high of $18.02 billion.
During April-August this fiscal, the exports recorded a
growth of 16.13 percent, while the imports during the first five months of this
fiscal grew by 17.34 percent.The Total Investment
& Insurance Solutions
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