India's exports grow by 12.36 in December to USD 27.03 billion

The Country's exports grew by 12.36 per cent in December, 2017 to 27.03 billion US dollars on account of strong performance by sectors like engineering goods and petroleum products. 

According to data released by Ministry of Commerce and Industry, exports have been on a positive trajectory since August 2016 to December 2017 with a dip of 1.1 per cent in the month of October last year.Exports of engineering goods as well as petroleum



products showed an increase of over 25 per cent in December.

However, shipments of ready-made garments declined by 8 per cent last month. The imports surged significantly to 41.91 billion, up 21.12 per cent, on increased inbound shipments of crude oil and gold.Gold imports surged by 71.5 per cent last month.It said, the trade deficit or difference between imports and exports was 14.88 billion US dollar in December last year.