Business Other News 16 Feb 2017 Exports see 4 per ce ...

Exports see 4 per cent growth in January

DECCAN CHRONICLE.
Published Feb 16, 2017, 12:46 am IST
Updated Feb 16, 2017, 1:01 am IST
Exports had grown by 5.72 per cent in December.
Exports in January hit $22.11 billion mainly due to increase in shipments of petroleum products, engineering goods and iron ore.
 Exports in January hit $22.11 billion mainly due to increase in shipments of petroleum products, engineering goods and iron ore.

New Delhi: Exports grew by 4 per cent in January despite concerns that demonetisation and global turmoil could impact country’s external trade.

Exports in January hit $22.11 billion mainly due to increase in shipments of petroleum products, engineering goods and iron ore.

 

However trade deficit widened to $9.84 billion as imports widened to $31.95 billion in January, up 10.7 per cent from the same month last fiscal. Trade deficit was at $7.66 billion in January last year.

However, gold imports slipped by 29.94 per cent to $2.04 billion in January 2017 from $2.91 billion in the same month last year as demand declined following cash crunch post demonetisation. Exports had grown by 5.72 per cent in December.

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