Exports enter unfavorable zone after 5 months, decline 2.15% in September; commerce deficit at $13.98 bn


New Delhi: India’s exports entered unfavorable zone after 5 months, declining 2.15 % in September on a yearly foundation, confirmed authorities knowledge Monday.

Imports, nonetheless, went up by 10.45 % in September. The rise works out to be 16.16 % throughout April-September interval of 2018-19 monetary yr.

The commerce deficit, or the hole between imports and exports, was estimated at $13.98 billion throughout September 2018. The general deficit stood at $94.32 billion within the first six months of the present fiscal.

Exports have been on the rise since April, after declining by 0.66 % in March 2018.

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