Current Affairs Economy & Banking

Category : Economy & Banking

India’s overall exports (Merchandise and Services combined) in April-August 2018-19 (as per the RBI Press Release) are estimated to be USD 221.83 Billion, exhibiting a positive growth of 20.70% over the same period last year. Overall imports in April-August 2018-19 are estimated to be USD 269.54 Billion, exhibiting a positive growth of 21.01% over the same period last year.

1. Merchandise Trade   EXPORTS: Exports in August 2018 were US $ 27.84 Billion, as compared to US $ 23.36 Billion in August 2017, exhibiting a positive growth of 19.21 per cent.  IMPORTS: Imports in August 2018 were US $ 45.24 Billion, which was 25.41% higher in Dollar terms and 36.34% higher in Rupee terms over imports of US $ 36.07 Billion in August 2017.

2. Trade In Services   EXPORTS: Exports in July 2018 were US $ 17.55 Billion registering a positive growth of 4.04 per cent in dollar terms, as compared to a positive growth of 4.32 per cent in June 2018 (as per RBI’s Press Release for the respective months).  IMPORTS: Imports in July 2018 were US $ 10.85 Billion registering a positive growth of 5.35 per cent in dollar terms, as compared to a positive growth of 0.89 per cent in June 2018 (as per RBI’s Press Release for the respective months).

OVERALL TRADE BALANCE  Taking merchandise and services together, overall trade deficit for April-August 2018-19 is estimated at US $ 47.72 Billion as compared to US $ 38.95 Billion in April-August 2017-18.

Source- Press Information Bureau (PIB)