India's August trade deficit in goods at $6.77bln - government

Total merchandise imports fell by 43.73%

  
Containers are seen stacked at the godown of Agarwal Packers and Movers Ltd. on the outskirts of Mumbai, India June 29, 2017.

Containers are seen stacked at the godown of Agarwal Packers and Movers Ltd. on the outskirts of Mumbai, India June 29, 2017.

REUTERS/Shailesh Andrade

NEW DELHI- India posted a trade deficit of $6.77 billion in goods in August, data released by the government showed on Tuesday.

Merchandise imports contracted 26.04% in August to $29.47 billion from a year ago while exports fell 12.66% to $22.70 billion, data released by the Ministry of Commerce and Industry showed.

Total merchandise imports fell by 43.73% to $118.38 billion during April-August while exports were down 26.65% from the year-ago period to $97.66 billion, the data showed.

(Reporting by Aftab Ahmed; Editing by Andrew Heavens) ((Aftab.Ahmed@thomsonreuters.com; +911149548060;))

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