Zee Media Bureau
New Delhi: India’s exports contracted by 21.06 percent to USD 23.95 billion, while imports also fell by 13.44 percent to USD 35.74 billion in March.
Trade deficit in 2014-15 widened to USD 137 billion as against USD 135.7 billion a year ago, according to the Commerce Ministry data released Friday.
Cumulative value of exports during April-March 2014-15 was USD 310.53 billion, as against USD 314.41 billion, down 1.23 per cent, over the same period last year.
Cumulative value of imports during April-March 2014-15 was USD 447.54 billion, as against USD 450.21 billion, down 0.59 percent, over the same period last year.
“The trade deficit for April-March, 2014-15 was estimated at USD 137.014 billion which was higher than the deficit of USD 135.79 billion during April-March, 2013-14,” the ministry said.
