Trade data: Exports rise at fastest pace in 3 months in Aug; deficit narrows to $17.4 bn
Imports too grew by 25.41 per cent in August to USD 45.24 billion due to costlier crude oil shipments. In August, the growth rate in overseas shipments touched a three-month high of 19.21 per cent. Earlier in May, exports had recorded a growth of 20.18 per cent.
India's exports rose at the fastest pace in three months to reach USD 27.84 billion in August on account of healthy growth in petroleum products, engineering, pharma, and gems and jewellery shipments. Image source: Reuters