Highlights International Trade
Sharp fall in trade deficit, closes in by 27.8% to $ 137.5
billion. In FY 2014-15 first quarter trade deficit declined by another 42.4%.
Exports grew by 4.1% over negative growth of 1.8% in 2012-13.
Exports log double digit growth in May, 2014 after a gap of 6 months.
Imports drop by 8.3%, after steep slowdown during the previous FY 2012-13. Trend continues in April-May, 2014 as imports fell by 13.2%.
Following government intervention, gold and silver imports fell by 40.1 percent to $33.4 billion in 2013-14.
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