Trade: September 2016

Reviving in September, India's Exports grew 4.62% on year to $22.8 billion, with 18 of the 30 exporting sectors showing growth.This is the second instance of growth this year after June when exports had risen 1.27% after declining for 18 months in a row. With a 2.5% decline in imports to $31.2 billion , the trade deficit stood at $8.33 billion. Gold imports declined 10% to $1.8 billion last month.
However, export of petroleum goods dipped 1.43% to $2.55 billion in September, while oil imports grew 3.13% to $6.88 billion. As for services, data released by RBI showed 4.7% growth in exports at $13 billion and 8% rise in imports at $8,054 million in August.

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