India's exports rise 45.8% in August but pace of growth slows, trade gap widens

A faster rise in imports at $47.09 billion, driven by gold, left a wider trade deficit of $13.81 billion compared to $8.2 billion a year ago. Led by petroleum products, gems and jewelry, engineering goods, and cotton yarn, India’s merchandise exports rose 45.8 percent on year in August at $33.28 billion but the pace of growth slowed from almost 50 percent in July.
A faster rise in imports at $47.09 billion, driven by gold, left a wider trade deficit of $13.81 billion compared to $8.2 billion a year ago. Imports during the month increased by 51.72 percent.