Close X
Friday, November 29, 2024
ADVT 
India

India's trade deficit narrows to $10 billion in April

Darpan News Desk IANS, 09 May, 2014 10:23 AM
  • India's trade deficit narrows to $10 billion in April
India's trade deficit narrowed to $10.08 billion in April, sharply lower from $17.67 billion posted the corresponding month of last year, helped by lower imports and a modest increase in exports, government data showed Friday.
 
The country's trade deficit stood at $10.51 billion in March, the last month of fiscal 2013-14. 
 
India's exports rose by 5.26 percent to $25.63 billion in April this year from $24.35 billion recorded in the same month last year, according to data released by the ministry of commerce and industry here. 
 
Imports during the month under review dropped by 15 percent to $35.72 billion as compared to $42.02 billion in April 2013, 
 
“The new financial year has started on a positive note and we look forward to build on it. We are aiming for double-digit growth in exports to keep trade deficits within manageable limit,” said Rafeeque Ahmed, president, Federation of Indian Export Organisation (FIEO). 
 
Oil imports during April 2014 were valued at $12.97 billion, 0.6 percent lower than oil imports valued at $13.05 billion in the corresponding period last year. 
 
Non-oil imports dropped by 21.5 percent at $22.74 billion during the month under review from $28.97 billion recorded in the same month last year. 

MORE India ARTICLES

Judiciary, media best judges of 2002 riots: Modi

Judiciary, media best judges of 2002 riots: Modi
As far as the 2002 Gujarat riots were concerned, it is the judiciary, media and NGOs which should be left to draw conclusions, BJP prime ministerial candidate Narendra Modi said.

Judiciary, media best judges of 2002 riots: Modi

Truth will come out in allegations against Robert Vadra, says Modi

Truth will come out in allegations against Robert Vadra, says Modi
The BJP government in Rajasthan was following due procedures over allegations concerning land deals of Sonia Gandhi's son-in-law Robert Vadra and the truth will be revealed, said Narendra Modi.

Truth will come out in allegations against Robert Vadra, says Modi

Witnesses deposed against me under CBI pressure, Kanimozhi tells court

Witnesses deposed against me under CBI pressure, Kanimozhi tells court
Declined to lead the defence evidence, DMK MP Kanimozhi told a court here Thursday that prosecution witnesses have deposed against her in the 2G spectrum allocation case under CBI pressure.

Witnesses deposed against me under CBI pressure, Kanimozhi tells court

India must increase expenditure on health: Experts

India must increase expenditure on health: Experts
Experts Thursday sought increased spending by the Indian government on health services to the citizens while reducing financial burden on individuals paying out of their pockets.

India must increase expenditure on health: Experts

Modi defends caste interpretation of Priyanka's jibe at him

Modi defends caste interpretation of Priyanka's jibe at him
BJP's prime ministerial candidate Narendra Modi Thursday defended his caste interpretation of Priyanka Gandhi's "low-level politics" comment, saying that he was most familiar with Gujarati language and in it, "the meaning approximates to the response I have given".

Modi defends caste interpretation of Priyanka's jibe at him

Modi rally disallowed on security grounds on local advice, says CEC

Modi rally disallowed on security grounds on local advice, says CEC
Dismissing the BJP's allegations of lack of neutrality, Chief Election Commissioner V.S.Sampath Thursday said the party's prime ministerial candidate Narendra Modi was denied permission to hold a rally in his constituency Varanasi following "professional advice on security grounds".

Modi rally disallowed on security grounds on local advice, says CEC