Trade deficit improves, falls sharply by 27.8 percent Turnaround in exports, grows by 4.1 percent over minus 1.8 percent in 2012-13 Imports fell by 8.3 percent after steep slowdown during previous year

Trade deficit improves, falls sharply by 27.8 percent Turnaround in exports, grows by 4.1 percent over minus 1.8 percent in 2012-13 Imports fell by 8.3 percent after steep slowdown during previous year https://www.taxtmi.com/news?id=12896 India's merchandise trade balance improved in 2013-14 as the trade deficit narrowed sharply due to an 8.3% fall in imports-notably gold and capital goods-while exports shifted to modest positive growth led by textiles, leather and other labour intensive sectors. The POL deficit remained substantial. Government measures reduced precious metal imports, but the recovery is fragile given weak global trade and external shock risks such as oil price volatility. en-us Wed, 09 Jul 2014 12:57:41 +0530 Wed, 09 Jul 2014 12:57:41 +0530 TaxTMI RSS Generator Trade deficit improves, falls sharply by 27.8 percent Turnaround in exports, grows by 4.1 percent over minus 1.8 percent in 2012-13 Imports fell by 8.3 percent after steep slowdown during previous year https://www.taxtmi.com/news?id=12896 India's merchandise trade balance improved in 2013-14 as the trade deficit narrowed sharply due to an 8.3% fall in imports-notably gold and capital goods-while exports shifted to modest positive growth led by textiles, leather and other labour intensive sectors. The POL deficit remained substantial. Government measures reduced precious metal imports, but the recovery is fragile given weak global trade and external shock risks such as oil price volatility. News - Wed, 09 Jul 2014 12:57:41 +0530 https://www.taxtmi.com/news?id=12896