Exports enter negative zone\, decline 2.15% in September

Exports enter negative zone, decline 2.15% in September

The trade deficit, or the gap between imports and exports, was estimated at $13.98 billion during September 2018

Imports went up by 10.45% in September. Photo: Bloomberg
Imports went up by 10.45% in September. Photo: Bloomberg

New Delhi: India’s exports entered negative zone after five months, declining 2.15% in September on a yearly basis, showed government data Monday.

Imports, however, went up by 10.45% in September. The increase works out to be 16.16% during April-September period of 2018-19 financial year.

The trade deficit, or the gap between imports and exports, was estimated at $13.98 billion during September 2018. The overall deficit stood at $94.32 billion in the first six months of the current fiscal.

Exports were on the rise since April, after declining by 0.66% in March 2018.

(This story has been published from a wire agency feed without modifications to the text.)