Exports increased the slowest in eight months at 8.3% to $24 billion, widening the trade deficit to $13.84 billion from $6.2 billion in the year ago period.
The rise compares with a 3.11 percent annual gain forecast by economists in a Reuters poll. In April, prices rose a provisional 3.85 percent.
The national expenditure survey will cover almost 1.2 lakh households across 5,000 urban blocks and 7,000 villages. It will provide state level data as well.
Vietnam, UAE, Saudi Arabia, the US, Iran, Iraq and Nepal are the major destinations for export of food products from India.
The Department of Commerce is setting up four centres — for trade and investment law, trade promotion, regional trade and capacity building.
Microsoft, which is also a prospective bidder for the Government e-Marketplace (GeM), has written to several government departments including PMO.
On June 2, the GST Council fixed a GST rate of 3 per cent on silver, gold jewellery and processed diamonds, which is higher than the industry estimate
Director general of foreign trade Ajay Kumar Bhalla on Friday said exporters could end up getting more credit in their accounts once the Goods and Services Tax (GST) is rolled out.
The new series of national accounts began in January 2015. Before that, the base year of national accounts was revised in January 2010.
On Wednesday, official data showed that India’s growth slumped to a two-year low in FY17 at 7.1% and the fourth-quarter growth slowed to 6.1%.
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