India's exports grow 4.62 per cent to US$ 22.9 billion in September

New Delhi: India’s exports for September 2016 increased 4.6 per cent year-on-year to US$ 22.9 billion, thus reversing two months of decline. The overall growth was led by strong growth in exports of Gems and Jewellery (22.4 per cent), Textiles (12.6 per cent), Engineering (6.5 per cent), Handicrafts (23 per cent) and Chemicals (6 per cent). The trade deficit for September 2016 reduced 18 per cent year-on-year to US$ 8.33 billion. Gold imports for the month declined by 10.3 per cent to US$ 1.8 billion, which helped the trade deficit to narrow. During April to September 2016 period, exports have fallen by 1.74 per cent to US$ 131.4 billion, while imports contracted more sharply by 13.77 per cent to US$ 174.4 billion, leading to a trade deficit of US$ 43 billion.

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