Don't want to miss the best from Business Standard?
India's exports increased 6.7 per cent to $35.1 billion in August year-on-year (Y-o-Y), against $68.53 billion in July, according to the export and import data released by the government on Monday. Imports declined 10 per cent at $61.59 billion compared to $68.53 billion last year, the data showed.
The trade deficit decreased 25.7 per cent to $26.59 billion in August against $35.64 billion last year. According to a Reuters poll, economists had expected the August trade deficit to be $25.13 billion, compared to $27.35 billion in the previous month.
However, India's exports decreased to $35.10 billion in August this year from $37.24 billion in July, while imports decreased to $61.59 billion in August from $64.59 billion during the same period last month.
According to news agency PTI, Commerce Secretary Sunil Barthwal said that despite global and trade policy uncertainties, India's exporters have done extremely well.

)