Breaking News

You are here » Indian-Commodity  :  Economy  :  India's exports jump 5.17% in April; trade deficit widens to $13.72 billion

16-May2018

India's exports jump 5.17% in April; trade deficit widens to $13.72 billion

Recovering from the last month's decline of 0.66%, India's merchandise exports jumped 5.17% in the month of April 2018, primarily with the help of double digit growth in shipment of engineering, chemicals and pharmaceutical segments. However, trade deficit widened slightly to $13.72 billion in April from $13.25 billion a year ago. Besides, overall trade deficit, taking merchandise and services together, for April-March 2017-18 is estimated at $80.61 billion as compared to $41.79 billion during April-March 2016-17. Imports too grew by 4.60% Year-on-Year basis in the first month of current fiscal year.

As per the data released by the Commerce Ministry, exports grew by 5.17% to $25.91 billion in April 2018, as compared to $24.64 billion in the same month a year ago. In Rupee terms, exports surged by 7.01% to Rs 170052.96 crore in April 2018, as compared to Rs 158913.79 crore in April 2017. Non-petroleum and Non Gems & Jewellery exports in April 2018 were valued at $19.80 billion as against $17.72 billion in April 2017, an increase of 11.73%.

Imports during April 2018, increased by 4.60% to $39.63 billion as compared to $37.88 billion in April 2017, while in rupee terms it was up by 6.43% to Rs 260084.67 crore from Rs 244380.52 crore in April 2017. Oil imports during April 2018 were valued at $10.41 billion which was 41.49% higher than oil imports valued at $7.36 billion in April 2017. Non-oil imports during April 2018 were estimated at $29.21 billion which was 4.30% lower than non-oil imports of $30.53 billion in April 2017.



Related News

View all news

Increasing involvement of govt in affairs of RBI could undermine financial stability: S&P

S&P Global Ratings in its latest report has termed the recent resignation of Urjit Patel as credit negative and said Indian government's sustained and intense involvement in the affairs of the......

Govt will stick to 3.3% fiscal deficit target in FY19, clock growth rate of 7-8%: Jaitley

Expressing optimism over India's fiscal position, Finance Minister Arun Jaitley has said that the government will stick to its fiscal deficit target in the current financial year (FY19) because when current......

Govt mulls extra capital infusion of Rs 30,000 crore in PSBs

The government is considering additional capital infusion of up to Rs 30,000 crore in public sector banks (PSBs).  It is expected that final decision will come in the next few weeks. The government......

Top News

View all news

Infibeam Avenues' arm incorporates wholly owned subsidiary

Infibeam Avenues' wholly owned subsidiary-- Infibeam Global EMEA FZ-LLC has incorporated a wholly owned subsidiary company namely 'Richrelevants' in BVI, which will be the Step-down Wholly Owned Subsidiary......

Ramco Systems gets order from Global Top 10 Chemical Manufacturing Company

Ramco Systems' Global Payroll platform has been chosen by one of the leading chemical producer and a Global Top 10 Chemical Manufacturing company by revenue, as a Managed Service for its multi-country......

JCT planning to raise funds on preferential basis

JCT is planning for the fresh issuance of equity shares aggregating to Rs 9.16 crore on preferential basis to term lenders. The meeting of the Board of Directors of the Company will be held on December......