Form of words:
New Delhi: According to provisional data from the commerce ministry, India’s exports grew 45.17% to US$33.14 billion in August from US$22.83 billion in the same month last year.
The data shows that exports during April-August 2021 stood at USD 163.67 billion, up 66.92% from USD 98.05 billion in the same period a year ago.
Imports grew by 51.47% to USD 47.01 billion in August as compared to USD 31.03 billion in the same month of 2020.
Imports grew 81.75% to USD 219.54 billion during April-August in the current fiscal.
The trade deficit stood at US$ 13.87 billion in August 2021, up from US$ 8.2 billion in the same period a year ago.
Read also: India’s world-beating GDP data can’t hide the pain of the pandemic
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