Gems & Jewellery News

India’s Trade Deficit Eases In August

India’s trade deficit narrowed in August as exports and imports fell sequentially. The trade deficit eased to $27.98 billion in August compared to a record high of $30 billion in July, according to data released by the Ministry of Commerce and Industry, on Wednesday.HighlightsExports rose by 1.6% year-on-year to $33.9 billion. On a month-on-month basis, exports fell by 6.5%.Imports rose 37.3% year-on-year to $61.9 billion. On a month…

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