Government hopeful of closing trade gap in Jan-March: Anand Sharma

MUMBAI Wed Feb 13, 2013 11:38am IST

Minister for Trade Anand Sharma looks on during the opening of the 8th World Trade Organization Ministerial Conference in Geneva December 15, 2011. REUTERS/Denis Balibouse/Files

Minister for Trade Anand Sharma looks on during the opening of the 8th World Trade Organization Ministerial Conference in Geneva December 15, 2011.

Credit: Reuters/Denis Balibouse/Files

Related Topics

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Economic Pulse

REUTERS SHOWCASE

Political Pulse

Political Pulse

100 days of Modi: Good for business, not so good for marginalised groups.  Full Article 

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Best Economy

Best Economy

Swiss economy most competitive once again; EU, U.S., Japan improve.  Full Article 

Power Outage

Power Outage

Mumbai hit by power cuts  Full Article 

Commodities

Commodities

Gold imports, premiums to jump on festive demand - top refiner  Full Article 

Economic Worries

Economic Worries

Pakistan's promises to IMF in doubt as protests sap economy   Full Article 

Islamic Finance

Islamic Finance

Basel III deposit challenge looms over Islamic banks   Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage