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Exports enter negative zone, decline 2.15% in Sept; Imports up 10.45%

The trade deficit, or the gap between imports and exports, was estimated at $13.98 billion during September 2018

import, importers

Total buyer credit for the top 160 importers was Rs 331 bn in FY17

Press Trust of India New Delhi

India's exports entered negative zone after five months, declining 2.15 per cent in September on a yearly basis, showed government data Monday.

Imports, however, went up by 10.45 per cent in September. The increase works out to be 16.16 per cent during April-September period of 2018-19 financial year.
 

The trade deficit, or the gap between imports and exports, was estimated at $13.98 billion during September 2018. The overall deficit stood at $ 94.32 billion in the first six months of the current fiscal.

Exports were on the rise since April, after declining by 0.66 per cent in March 2018.

 

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First Published: Oct 15 2018 | 4:25 PM IST

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