Trade Deficit More Than Doubles to $28 Billion in August

During the April-August period, exports registered a growth of 17.68% to $193.51 billion, while imports rose by 37.28% to $61.9 billion.

Mobile cranes prepare to stack containers at Thar Dry Port in Sanand in the western Indian state of Gujarat May 2, 2011. REUTERS/Amit Dave (INDIA - Tags: BUSINESS)

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Economy

14/Sep/2022

New Delhi: India’s trade deficit more than doubled to $27.98 billion in August, while exports rose marginally by 1.62% to $33.92 billion, data released by the commerce ministry said on Wednesday, September 14.

Trade deficit in August 2021 stood at $11.71 billion.

Imports rose by 37.28% to $61.9 billion in August this year.

During April-August 2022-23, exports registered a growth of 17.68% to $193.51 billion. Imports during the five-month period of this fiscal grew by 45.74% to $318 billion.

Trade deficit widened to $124.52 billion in April-August this fiscal as against $53.78 billion in the same period last year.

(PTI)