India's Export Growth Dips To 2.35%

In the past few weeks, Indian economy has been showing early signs of revival. It is positively impacting the businesses across industries and driving growth. However, sadly, this couldn’t push up the country’s export. India's export growth decreased to 2.35% at $26.95 billion in August, thereby, increasing trade deficit to $10.83 billion.

Gold imports went up to $2.03 billion from $738.7 million in August 2013. As per the Ministry of Commerce and Industry, overall imports grew 2.08% to $37.79 billion. In April-August period, exports grew 7.31% to $134.79 billion.

On the other hand, imports slipped by 2.69% to $190.94 billion during April-August period. Trade deficit during the same period was $56.15 billion, down from $70.6 billion during the corresponding period last year.