India, Sept. 16 -- India's merchandise exports in August saw 6.7% increase to $35.1 billion as compared to $32.89 billion in the same month last year with a significant reduction in trade deficit despite facing a 25% additional tariff in its biggest market, the US, from August 7 because of exporters' grit and the government's policy response, senior officials said.
"Despite global uncertainties and trade policy uncertainties, India's exporters have done extremely well. It shows that policies of the Government of India have paid-off well," commerce secretary Sunil Barthwal said on Monday while releasing the monthly trade data.
He said the government's continued four-pillar reforms will help Indian exporters to withstand global headwinds ...
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