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Rise in exports
Why in the news ?
- Exports during June 2018 were valued at US $ 27.70 Billion as compared to US $ 23.56Billion during June 2017 exhibiting a positive growth of 17.57 per cent.
- Imports too rose by 21.3% to $44.3 billion during the month, according to the data released by the commerce ministry.
Details
- The trade deficit in June 2018 is the highest since November 2014 when the gap was $16.86 billion.
- The deficit in June 2017 stood at $12.96 billion. During April-June this fiscal, exports rose by 14.2% to $82.47 billion.
- During June 2018, major commodity groups of export showing positive growth over the corresponding month of last year are :
