India's March exports up by over 27%

New Delhi, April 13 : India's exports revival continued for the seventh straight month, as the country's merchandise shipments overseas reported a 27.59 per cent growth during March 2017, official data showed on Thursday.

According to data released by the Ministry of Commerce and Industry, the exports grew by 27.59 per cent to $29.23 billion from $27.46 billion worth of merchandise shipped out during March 2016.

However, the country's imports during the month under review increased by 45.25 per cent to $39.66 billion.

Consequently, the trade deficit during the month under review stood at $10.43 billion. On a year-on-year (YoY) basis, the trade deficit stood at $4.39 billion during corresponding month of 2016.