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

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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)

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