Business

Exports rose by 17.86 per cent to $26.98 billion in October compared to the year-ago month, according to the commerce ministry data.Imports during the month also rose by 17.62 per cent to$44.11 billion, leading to widening of trade deficit to $17.13 billion.The deficit widened despite a steep decline of 42.9 per cent in gold imports to $1.68 billion during the month under review.
The trade gap was $14.61 billion in October 2017.
During the April-October period of the current fiscal, exports grew by 13.27 per cent to $191 billion.
Imports were up by 16.37 per cent to $302.47 billion, leaving a trade deficit of $111.46 billion during the first seven months of the current fiscal.
It was $91.28 billion in April-October 2017-18.
Oil imports in October increased by 52.64 per cent to $14.21 billion.
The non-oil imports rose by 6 per cent to $29.9 billion in the month.
In September, exports had contracted by 2.15 per cent.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)