The export of India has grown 3.49 percent to 26.3 billion dollars and the imports dipped 15.25 percent to 36.4 billion dollar in December 2013. SR Rao, the Commerce Secretary informed that the export growth slowed because of the drop in petroleum exports.
Lower imports have helped the country in narrowing the trade deficit to 10.1 billion dollars in the month as compared to 17.5 billion dollars in the December 2012. The imports of gold and silver dropped to 1.77 billion dollars from 5.6 billion in December 2012.
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