Contracting for the 6th straight month, India’s exports slipped 12.66 percent to $22.7 billion in August, on account of decrease in the deliveries of petroleum, leather, engineering items and gems and jewellery products, according to the federal government information launched on Tuesday.
The nation’s imports too decreased 26 percent to $29.47 billion in August, leaving a trade deficit of $6.77 billion, compared to a deficiency of $13.86 billion in the very same month in 2015, according to the information.
Oil imports decreased by 41.62 percent to $6.42 billion in the month under evaluation.
Gold imports leapt to $3.7 billion in August this year as versus $1.36 billion in August 2019.
During the April-August duration, exports decreased by 26.65 percent to $97.66 billion, while imports fell 43.73 percent to $118.38 billion.
Trade deficit throughout the duration stood at $20.72 billion.
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