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Exports rise 5.99% in September, trade deficit narrows to $2.72 billion.
Oct 16, 2020

India’s exports grew in September after contracting for six months, driven by growth in outbound shipment of engineering, petroleum, pharmaceuticals and readymade garments. Exports rose 5.99% on year-higher than 5.3% shown by preliminary data released earlier this month-to $27.58 billion in September.
 
Imports declined 19.6%, leaving a trade deficit of $2.72 billion, data released by the commerce and industry ministry showed. Trade deficit narrowed from $11.67 billion in September 2019 and $6.77 billion in August 2020.
 
Exports in September 2019 were $26.02 billion. Gold imports shrank 52.85% last month.
    

The Economic Times

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