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
The Nifty surged past the psychologically important 8,000 level for the first time to mark its latest record high as blue-chips such as Larsen & Toubro gained after better than expected quarterly economic growth data. Read
Government urges Supreme Court to not cancel some 'illegal' coal mines Full Article