India’s overall trade balance improved
Q. India’s overall trade balance improved in May with what nature of trade deficit?- Published on 16 Jun 16a. US $6.24 billion
b. US $6.37 billion
c. US $6.27 billion
d. None of the above
ANSWER: US $6.27 billion
Overall trade balance improved in May. Trade deficit for the month came in at USD 6.27 billion against USD 4.84 billion on a month-on-month basis.
- Taking merchandise and services together, trade deficit for April-May in FY17 came in at USD 5392.77 million which is 65.67 percent lower in dollar terms than the level of USD 15710.54 million during April-May 2015-16.
- Exports during May,2016 were valued at USD 22170.62 million or Rs 148336.31 crore) which was 0.79 per cent lower in dollar terms (4.04 per cent higher in rupee terms) than the level of USD 22346.75 million during May,2015.
- Imports during April, 2016 were valued at USD 7183 million (or Rs 47745.04 crore) registering a negative growth of 9.13 percent in dollar terms as compared to positive growth of 9.96 percent during March 2016.
