India s February exports up 17%

New Delhi March 15 (IANS) India s exports revived for the sixth straight month as the country s merchandise shipments overseas reported a double-digit growth during February official data showed on Wednesday.

According to data released by the Ministry of Commerce and Industry the exports grew by 17.48 per cent to $24.49 billion from $20.84 billion worth of merchandise shipped out during February 2016.

However the country s imports during the month under review increased by 21.76 per cent to $33.38 billion from $27.41 billion worth of merchandise which were shipped out in during the corresponding month of last year.

Consequently the trade deficit during February reduced to $8.89 billion from $9.84 billion reported for the month before. On a year-on-year (YoY) basis the trade deficit stood at $6.57 billion during same month of 2016.

--IANS
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