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Exports up by 2.73% but surge in gold imports push up trade deficit in September

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India's exports rose by a marginal 2.73% to US $28.9 billion in September, but trade deficit more than doubled to US $14.2 billion in the month due to a surge in gold imports. Trade deficit in September, 2013 was US $6.12 billion. Gold imports in the month under review increased manifold to US $3.75 billion compared to US $682.5 million in same month last year. Overall imports jumped by about 26% to US $43.15 billion.

During April-September period, exports registered a growth of 6.47% to US $163.7 billion. Imports during the period grew by 1.5% to US $234 billion, leaving a trade deficit of US $70.39 billion in the first half of the current fiscal. India's export growth had slipped by 2.35% at US $26.95 billion in August. 

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