Zee Media Bureau
New Delhi: India's exports in December registered a 3.49 percent increase to USD 26.35 billion.
India's trade deficit narrowed to USD 10.14 billion in December from USD 17.59 billion a year earlier.
The country's gold and silver imports stood at USD 1.77 billion in December compared to USD 5.6 billion year-on-year.
Last year, due to sluggishness in the global economy, notably Europe and the US, India's merchandise exports growth was mostly in the negative zone in the first half.
However, since July it saw a significant turnaround and registered a healthy double-digit growth, except in November, when the shipments were affected by strikes at ports.
In July, exports jumped 11.64 percent after declining by 4.56 percent in the previous month year-on-year.
