nIndia’s exports remained in the negative zone for the second consecutive month in September contracting by 6.57 per cent to $26 billion mainly on account of significant dip in shipments of petroleum, engineering, gems & jewellery and leather products.
Imports too declined by 13.85 per cent to $36.89 billion in September, narrowing the trade deficit to a seven-month low of $10.86 billion, according to the government data released on Friday.
Gold imports plunged 62.49 per cent to $1.36 billion in the month. Imports during the month slipped the most after August 2016, when inbound shipments had contracted by 14 per cent. The trade deficit stood at $14.95 billion in September 2018.
