india's trade deficit narrows as exports rise 26% in August

New Delhi, Sept. 16 -- India's merchandise exports in August logged an annualised growth of over 26% to $43.81 billion, outpacing about 14% growth in imports at $70.67 billion and narrowing the trade deficit on the back of policy measures such as trade diversification, bilateral deals and curbs on unproductive imports of commodities like gold. Commerce secretary Rajesh Agrawal said, "Export growth momentum [has] accelerated further in August." Experts said one of the key reasons for the trade deficit narrowing was a sharp fall in gold imports this August.P17

Published by HT Digital Content Services with permission from Hindustan Times....