11.3.14

India's Exports dip in February


India's exports declined 3.67 per cent to USD 25.68 billion in February.
Imports fell 17.09 per cent to USD 33.81 billion, resulting in a trade deficit of USD 8.13 billion.
For the April-February period, exports were up 4.79 per cent to USD 282.7 billion.Imports during the 11-month period fell 8.65 per cent to USD 410.86 billion. The trade deficit during this period was USD 128 billion.
Oil imports in February declined 3.1 per cent to USD 13.69 billion.
India's trade deficit narrowed in February on a sharp fall in imports, which would further ease pressure on the country's current account balance.
The trade deficit stood at $8.13 billion, more than 40 percent lower from a year ago. Imports continued to fall, driven by a decline in oil import bill and curbs on gold, the country's second-most expensive overseas purchase after oil.
Merchandise exports fell 3.67 percent from a year earlier to $25.69 billion, compared with 3.8 percent growth in January.
Imports fell 17.09 percent year-on-year to $33.82 billion.

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