India’s trade deficit widens to  USD 8.78 billion in April

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NewDelhi : India’s imports grew faster than export in the month of April, as per the report released by the govt of India. While, the country’s overall exports which include Merchandise and Services grew by marginal 1.34 % to USD 44.06 billion, imports grew by 4.53% to USD 52.83billion.  Overall trade deficit for the month  is estimated at USD 8.78 billion as compared to USD7.07billion in April2018.

Merchandise exports in April 2019 were USD26.07 billion, as compared to USD25.91billion in April 2018, exhibiting a positive growth of 0.64per cent. In Rupee terms, exports were Rs. 1,81,021.34 crore in April 2019, as compared to Rs. 1,70,052.96crore in April 2018, registering a positive growth of 6.45per cent.

Merchandise imports in April 2019 were USD41.40billion (Rs. 2,87,432.93crore), which was 4.48per cent higher in dollar terms and 10.52per cent higher in Rupee terms over imports of USD39.63billion (Rs.2,60,084.67crore) in April 2018.

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