India's trade deficit widens 139% to $27.98 bn in August
Sep 15, 2022, 10:08 IST
India's trade deficit in August widened by 139 per cent to $27.98 billion from $11.71 billion recorded during the corresponding period of last year.
According to Commerce Ministry data, India's merchandise exports went up by 1.62 per cent to $33.92 billion in August 2022 against $33.38 billion recorded in the corresponding period of last year.
Imports rose by 37.28 per cent on year-on-year basis, thus widening the trade deficit.
Meanwhile the country's overall exports (including merchandise and services) in August 2022 stood at $57.47 billion, showing a growth of 6.75 per cent over the corresponding period.
Overall imports in August 2022 were estimated to be $75.84 billion, showing a growth of 33.15 per cent over corresponding period of last year.
SEE ALSO :
Vedanta bags 2 Odisha coal mines in e-auction
ED asks Paytm to freeze certain amounts from few merchant IDs after raids (Ld)
Advertisement
According to Commerce Ministry data, India's merchandise exports went up by 1.62 per cent to $33.92 billion in August 2022 against $33.38 billion recorded in the corresponding period of last year.
Imports rose by 37.28 per cent on year-on-year basis, thus widening the trade deficit.
Meanwhile the country's overall exports (including merchandise and services) in August 2022 stood at $57.47 billion, showing a growth of 6.75 per cent over the corresponding period.
Overall imports in August 2022 were estimated to be $75.84 billion, showing a growth of 33.15 per cent over corresponding period of last year.
Advertisement
Vedanta bags 2 Odisha coal mines in e-auction
ED asks Paytm to freeze certain amounts from few merchant IDs after raids (Ld)