According to the data released by the Ministry of Commerce and Industry, exports during 2017-18 grew by 9.78 per cent to $302.84 billion from $275.85 billion reported for 2016-17.
The country's imports during the month under review rose by 7.15 per cent to $42.80 billion in March 2018 from $39.95 billion in the like period of 2017.
Besides, the data revealed that imports during 2017-18 grew by 19.59 per cent to $459.67 billion from $384.36 billion reported for 2016-17.
Consequently, India's merchandise trade deficit widened to $13.69 billion during last month as against $10.65 billion in the corresponding period the previous year.
Oil imports during the month in consideration at $11.11 billion, came in 13.92 percent higher than the same month a year ago.
The cumulative value of exports for the last fiscal (April-March) at $302.84 billion grew 9.78 per cent over the previous year at $275.85 billion.
As per Reserve Bank of India (RBI) in services for February the country had a positive trade balance of $5.57 billion.
Taking merchandise and services together, the overall trade deficit for April-March 2017-18 has been estimated at $87.17 billion, as compared to $ 47.70 billion during fiscal 2016-17.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
