India’s trade deficit narrows to 7-month low of $8.98b in September: Govt | business-news | Hindustan Times
Today in New Delhi, India
Oct 18, 2017-Wednesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

India’s trade deficit narrows to 7-month low of $8.98b in September: Govt

India’s trade deficit narrowed to $8.98 billion in September, its lowest in seven months, government data showed on Friday.

business Updated: Oct 13, 2017 19:32 IST
Goods imports last month were $37.6 billion, a gain of 18.09 percent from the same period last year, data from the commerce and industry ministry showed.
Goods imports last month were $37.6 billion, a gain of 18.09 percent from the same period last year, data from the commerce and industry ministry showed. (Reuters File Photo)

India’s trade deficit narrowed to $8.98 billion in September, its lowest in seven months, government data showed on Friday.

The deficit was $11.64 billion in August.

Merchandise exports for September rose 25.67 percent from a year ago to $28.61 billion, mainly driven by a rise in export of engineering and oil products.

Goods imports last month were $37.6 billion, a gain of 18.09 percent from the same period last year, data from the commerce and industry ministry showed.