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    <title>INDIA’S FOREIGN TRADE: August 2017</title>
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    <description>August 2017 merchandise exports increased year on year while imports rose more steeply, led by petroleum, electronics, machinery, gold and precious stones; crude oil and non oil imports both grew and Brent prices were higher. Services in July 2017 showed slight negative growth in receipts and payments but a positive net services balance. Combining merchandise and services yields a substantially larger overall trade deficit for April-August 2017-18 versus the prior year. Provisional tables present dollar and rupee aggregates and commodity group breakouts for monitoring external sector developments.</description>
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