Market Updates
India's Exports, Imports and Trade Deficit Shrink
Devan Biswas
09 May, 2014
New York City
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April trade deficit in India declined to $10.1 billion and exports dropped to a five-month low of $25.6 billion and imports plunged to $35.7 billion. The international trade is likely to rebound as exports of refined crude, gem and jewelry and software service gain momentum in the current quarter.
April trade deficit edged lower to $10.1 billion from $10.5 billion in March and plunged from $17.7 billion in the month a year ago, ministry of commerce said today.
Exports dropped to a five-month low of $25.6 billion from $29.6 billion but higher from $24.35 billion in the month a year ago.
Imports declined to $35.7 billion from $40.08 billion in March and from $42.02 billion in the month a year ago.
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Earnings
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