India’s Trade Deficit Falls 38% Y-o-Y during August

September 15, 2016

According to the latest data released by Ministry of commerce, the trade deficit in August stood at USD 7.67 billion, around 38 per cent lower as compared to the same month last year, which was USD 12.4 billion.

Exports during August this year were USD 21.15 billion, lower 0.3 per cent as compared to USD 21.58 billion during the same month previous year. However imports were at USD 29.19 billion in August this year, 14 per cent lower as compared to the imports of USD 33.98 billion in same month previous year.