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Exports up 20% in Apr; trade deficit widens to over $13 bn

Press Trust of India  |  New Delhi 

India's grew by 19.77 per cent to USD 24.63 billion in April on account of robust performance by sectors like petroleum, textiles, engineering goods as well as and jewellery.

too jumped 49.07 per cent to USD 37.88 billion last month from USD 25.4 billion in April 2016, according to the data released by the commerce ministry.

A huge jump in gold pushed up the trade deficit to USD 13.24 billion during the month under review from USD 4.84 billion a year ago.

The of the precious metal rose 3-fold to USD 3.85 billion in April compared to USD 1.23 billion in the same month last year.

In the last fiscal, 2016-17, saw a growth of 4.71 per cent to USD 274.64 billion as against USD 262.3 billion in 2015-16.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 18:43 IST