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

India one of the fastest growing large economies in the world: IMF

Emphasizing on several key reforms carried out by India in the last five years, the International Monetary Fund (IMF) stated that the country has been one of the fastest growing large economies in the......

Govt increases investment limit for availing income tax concessions by startups

The government has given a major relief to startups by enhancing definition of startups. It has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 crore for......

India needs revolution in farm sector to achieve 9-10% GDP growth: Niti Aayog CEO

Niti Aayog CEO Amitabh Kant has stated that there is need to bring revolution in farm sector to attain 9-10% Gross Domestic Product (GDP) growth. He also said that there is a need to boost investment in......

Top News

View all news

RBI's swap arrangement a 'sound move': Subhash Chandra Garg

Welcoming the Central Bank's rupee-dollar swap auction, the Finance Ministry has said that liquidity situation of the economy is comfortable and it will be boosted further by Rs 35,000 crore through the......

KPTL, Infibeam Avenues and Amarjothi Spinning Mills to see some action today

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......

Kalpataru Power Transmission to acquire 85% stake in Linjemontage i Grastorp AB

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......