India’s August trade deficit widened to $27.98 billion – trade ministry
NEW DELHI:
India’s merchandise trade deficit in August widened to $27.98 billion from $11.71 billion a year earlier, revised data released by the government showed on Wednesday.
India’s merchandise exports rose to $33.92 billion from $33.38 billion in the same month last year, while imports rose to $61.90 billion in August from $45.09 billion last year.
The aggressive rate hike by the Federal Reserve will put further pressure on the
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