India’s August Goods Exports Surge 26%, Narrowing Trade Deficit

India sold many more goods to other countries in August.

Its goods exports rose by about 26% to $43.81 billion.

India also bought more goods, but imports grew more slowly than exports.

Because of this, the trade gap became smaller than in July and August last year.

Electronics, petroleum products and engineering goods were among the strongest export areas.

Gold imports dropped sharply, which helped limit spending on imports.

Services exports, such as other kinds of international business, also increased.

Officials said the growth came from higher shipment volumes across many products and markets.