December Exports Up 6.7%

India’s December exports rose an annual 6.7% to USD 25 billion, while imports for the month rose 19.8% to USD 37.8 billion, leaving a trade deficit of USD 12.7 billion, the government said on Wednesday.

Exports between April-December rose 25.8% to USD 217.6 billion. Oil imports for the month rose 11.2% to USD 10.3 billion.

Indian exporters enjoyed record growth last fiscal year, but have struggled in recent months in the face of economic turbulence in the European Union, which is India’s biggest trade partner.

Source: http://www.moneycontrol.com/news/economy/december-exports67_660427.html

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