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India's trade deficit narrows to $10.37 billion in December

India's trade deficit narrows to $10.37 billion in December
Workers load wheat onto a cargo ship at Mundra port in Gujarat. Image Source: Reuters

India`s trade deficit narrowed to $10.37 billion (nearly Rs 68,989.02 crore) in December from provisional $13 billion (nearly Rs 86,485.8 crore) a month ago, government data showed on Friday.

Merchandise exports grew 5.72% year-on-year to $23.88 billion (nearly Rs 1,58,867.7 crore) last month, while imports rose 0.46% year-on-year to $34.25 billion (nearly Rs 2,27,856.7 crore), the data showed.

ALSO READ: Trade deficit in November rises to Rs 88,000 crore

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"Taking merchandise and services together, overall trade deficit for April-December 2016-17 is estimated at $33.74 billion (nearly Rs 2,24,463.785 crore) which is 36.78% lower in dollar terms than the level of $53.37 billion (nearly Rs 3,55,057.3 crore) during April-December 2015-16," cited the official statement. 

ALSO READ: Exports rises by nearly 10%; trade deficit widens in October 

 

 

 

 

 

 

Written By: Reuters
Updated: Fri, Jan 13, 2017
07:00 pm
New Delhi , Reuters
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