India’s exports surge 26.12% in August; electronics, petro products shine

India's merchandise exports jumped 26.12% to reach $43.81 billion in August, propelled by a surge in electronics, engineering and petroleum product exports. A simultaneous decline in gold imports narrowed the trade deficit to a five-month low of $26.86 billion.

Kolkata: India’s merchandise exports jumped 26.12% to reach $43.81 billion in August, propelled by a surge in electronics, engineering and petroleum product exports. A simultaneous decline in gold imports narrowed the trade deficit to a five-month low of $26.86 billion. This can bring smiles to the Indian economic policymakers against the backdrop of a continuous downward pressure on the value of the rupee against the US dollar. On a year-on-year basis, imports rose by 14.1% to $70.76 billion in August on account of........

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