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India's trade deficit decreased to $20.78 billion while its exports increased slightly to $34.58 billion
September Export Data: According to official data released on Wednesday, imports rose 1.6 percent to $55.36 billion in September, as against $54.49 billion in the same month a year ago. The trade deficit or the difference between imports and exports was $20.8 billion in the same month last year. In August, it rose to a 10-month high of $29.65 billion.
After two months of decrease, the country's manufactured goods exports increased modestly by 0.5% to $34.58 billion in September, bringing the trade deficit down to $20.78 billion.
Official figures released on Wednesday, show that imports increased 1.6% to $55.36 billion in September compared to $54.49 billion in the same month the previous year. In the same month previous year, there was a $20.8 billion trade imbalance, or the difference between imports and exports. It expanded to a 10-month peak of $29.65 billion in August.
Exports decreased by 1.2% in July and 9.3% in August compared to the previous year. The current financial year had a 1% increase in exports to $213.22 billion and a 6.16% increase in imports to $350.66 billion from April to September. During the first half of the fiscal year, there was a $137.44 billion trade deficit.
