India s March exports up by over 27%

New Delhi April 13 (IANS) India s exports revival continued for the seventh straight month as the country s merchandise shipments overseas reported a 27.59 per cent growth during March 2017 official data showed on Thursday.

According to data released by the Ministry of Commerce and Industry the exports grew by 27.59 per cent to $29.23 billion from $27.46 billion worth of merchandise shipped out during March 2016.

However the country s imports during the month under review increased by 45.25 per cent to $39.66 billion.

Consequently the trade deficit during the month under review stood at $10.43 billion. On a year-on-year (YoY) basis the trade deficit stood at $4.39 billion during corresponding month of 2016.

--IANS
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