Indias trade deficit narrows to $11.45 billion in July
Indias trade deficit narrows to $11.45 billion in July
India`s trade deficit narrowed to $11.45 billion in July from a month ago, following a slowdown in merchandise imports, government data showed on Monday.
The trade shortfall was $12.96 billion in June.
Asia`s third-largest economy imported goods worth $33.99 billion last month, up 15.42 percent from a year ago. The figure was lower than imports of $36.52 billion in June.
Gold imports, however, in July nearly doubled from last year to $2.1 billion. Merchandise exports for July came in at $22.54 billion, up 3.94 percent year-on-`
year.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.