Not all doom and gloom – there is a silver lining in India's Exim data
Updated : June 25, 2018 04:13 PM IST
Oil imports increased by almost 50% to $11.5 billion as crude gets costlier in international trade.
The import of gold and other precious stones, which has a significant share in India's non-oil imports, took a plunge of 4.9%.
Whereas, iron and steel imports increased by 32%, imports of pharmaceutical products were up 20% and transport equipment imports grew by 22% during May 2017 over the same month in the previous year.
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