Exports rise; trade deficit makes a nosedive-

The April-February export rose by 2.5 per cent to 255.41Bn dollar in comparison with 239.38Bn dollar at the same period in the previous year.

While the April-February import dropped down by 3.7 per cent to 340.7Bn dollar as compared to 353.7Bn dollar in the previous year. Following the export-import impact, the trade deficit plunged by 16.6 per cent to 95.29 Bn dollar from a 114.32Bn dollar in the previous year on a year-on-year basis. 

On monthly basis, the export rose to 24.49Bn dollar in February, 2017 from a 22.12Bn dollar in the previous month. The imports reduced on month-on-month basis to 33.39Bn dollar in February, 2017 from 31.96Bn dollar in the previous month. Following it, the trade deficit on the economy also reduced to 8.9 Bn dollar in February, 2017 from a 9.84 Bn dollar on monthly basis.   

The engineering goods exports rose from 5.45 Bn dollar in the previous month to 6.64 Bn dollar in February, 2017. Rice exports rose to 560.89m dollar from a 514.68m dollar in the previous month. Gems and jewellery exports rose to 4.01Bn from 3Bn dollar in the previous month.

The gold imports rose from 2.04 Bn dollar in the previous month to  3.48 Bn dollar in February, 2017. Although the silver imports dropped to 148 m dollar  in February from a whooping 196.01m dollar in the previous month.