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Petro, farm products drag export growth in Aug to 2.35%

Petro, farm products drag export growth in Aug to 2.35%

NEW DELHI, SEPT 15:

India’s exports growth slowed down further to 2.35 per cent in August 2014 to $26.95 billion. The export numbers were at $ 26.33 billion in August 2013.

Imports grew at 2.08 per cent during August 2014 to $37.79 billion compared to $ 37.02 billion in August 2013, as oil imports posted a decline.

Trade deficit in August 2014 was at $ 10.83 billion, which was higher than last year’s $ 10.68 billion. But the deficit was lower than last month’s $12.28 billion.

Exports in the first six months of the fiscal posted a growth of 7.31 per cent to $13.47 billion compared to $12.5 billion in the same period of the previous fiscal.

There was an overall fall of 2.69 per cent in imports in the first six months of the on-going fiscal to $19.09 billion compared to $19.62 billion in the comparable period of the previous fiscal.

Trade deficit in the first six months of 2014-15 was at$ 337.21 billion, which was lower than $405.84 billion in the same period of 2013-14.

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