India`s trade deficit narrowed to $10.37 billion (nearly Rs 68,989.02 crore) in December from provisional $13 billion (nearly Rs 86,485.8 crore) a month ago, government data showed on Friday.
Merchandise exports grew 5.72% year-on-year to $23.88 billion (nearly Rs 1,58,867.7 crore) last month, while imports rose 0.46% year-on-year to $34.25 billion (nearly Rs 2,27,856.7 crore), the data showed.
"Taking merchandise and services together, overall trade deficit for April-December 2016-17 is estimated at $33.74 billion (nearly Rs 2,24,463.785 crore) which is 36.78% lower in dollar terms than the level of $53.37 billion (nearly Rs 3,55,057.3 crore) during April-December 2015-16," cited the official statement.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
Trade deficit in November rises to Rs 88,000 crore
Exports rises by nearly 10%; trade deficit widens in October
Trade deficit to widen to 1.6% of GDP in FY17, says Nomura