| inbluevt | Date: Thursday, 2013/08/15, 7:42 PM | Message # 1 | DMCA |
|
|
Private
Group: Blocked
Messages: 1024
|
India has reported a wider trade deficit in April after the country imported large quantities of gold to satisfy local demand.According to trade ministry officials in New Delhi, India's trade deficit rose to $17.8bn (£11.6bn/€13.7bn), a 72% increase from March.
Merchandise imports in Asia's third largest economy rose 10.9% to $41.95bn, while exports grew 1.6% from a year earlier to $24.16bn, a fourth straight monthly increase. This compares with exports and imports
to the tune of $23.7bn and $37.8bn, respectively, in 2012.
Government data in the world's top importer of the yellow metal showed that gold and silver imports soared 138% to $7.5bn in April when compared to the year-ago period, as shoppers loosened their purse strings when the prices of gold fell.
More
Message edited by inbluevt - Thursday, 2013/08/15, 7:43 PM |
|
|
| |
Main 
