- Tag results for trade_deficit
India's trade deficit widened to $13.84 billion in May on higher gold imports compared to $13.25 billion in April.
According to data furnished by RBI, the CAD for last fiscal narrowed to 0.7 per cent of the GDP from 1.1 per cent in 2015-16 on the back of the contraction in trade deficit.
Recording positive growth for six months in a row, India's exports soared 17.48 per cent to USD 24.5 billion in February led by petroleum, engineering and chemicals.
Merchandise exports grew 4.32 percent year-on-year to $22.12 billion last month, while imports rose 10.7 percent to $31.96 billion.