New Delhi, May 16 (SocialNews.XYZ) India's gold imports in April stood at $6.2 billion on the back of strong consumer demand.
During the same period last year gold imports stood at just $2.83 million on account of the nationwide lockdown.
The surge in gold imports pushed India's trade deficit to $15.1 billion in April 2021 as against $6.76 billion a year ago.
However, silver imports last month declined as per Commerce Ministry data. Silver worth $11.90 million was imported during the period under review, down from $103.75 million in April last year.
India's merchandise imports grew in April 2021, rising to $45.72 billion, with an increase of 167.05 per cent over $17.12 billion in April 2020.
Exports grew to $30.63 billion, higher by 195.72 per cent over the $10.36 billion reported in April 2020.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
