India’s merchandise exports rise after 18 months by 1.27 percent

Q.  India’s merchandise exports rose by what percent Y-O-Y to USD 22.57 billion as trade deficit widened?
- Published on 18 Jul 16

a. 1.25
b. 1.26
c. 1.27
d. 1.28

ANSWER: 1.27
 
India’s merchandise exports rose after 18 months by 1.27 percent Y-O-Y to USD 22.57 billion.
  • The gulf between exports and imports widened to 8.11 billion as exports rose 30.68 billion.
  • In May, the deficit stood at USD 6.27 billion.
  • Full quarter deficit stood at 19.23 billion down from USD 32.22 billion during the same quarter in the previous year.
  • The RBI released services data indicating that the country’s net services export was pegged at USD 5.53 billion for May and 11.24 for the first two months of the financial year.

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