Exports Grow 1.6%
in August, Trade Gap Doubles
to $27.9 bn
India’ s goods exports grew
1.62% in August, while the trade deficit more- than-doubled to $27.98 billion
on the back of a sharper rise in imports.
The official
numbers reflect an improvement as preliminary data released earlier this month
had shown a 1.15% contraction in exports in August, the first drop since
November 2020. Exports stood at $33.92 billion in August compared to $33.38
billion in the year ago period.
Imports rose 37.28% to $61.9
billion in August this year.