Government hopeful of closing trade gap in Jan-March: Anand Sharma
MUMBAI (Reuters) - The government is hopeful that exports in January will help close the trade gap, Commerce Minister Anand Sharma said on Wednesday.
Data released separately showed exports were up 0.8 percent in January while imports rose 6 percent. The trade deficit in January stood at $20 billion.
Sharma said gold imports are a matter of concern and a balanced approach is needed towards gold import duty.
(Reporting by Neha Dasgupta; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
- Kerry presses India on global trade deal as deadline looms
- Gaza toll soars as Israel "days" from completing tunnel hunt
- HCL Tech Q4 dollar revenue disappoints investors, shares fall
- China should set lower 2015 GDP growth target of 6.5-7 pct - IMF
- Some WTO members discussing customs deal without India - sources
Maruti Suzuki India, India's biggest carmaker, reported a 21 percent rise in first-quarter net profit, beating estimates, as early signs of an economic revival boosted sales. Full Article