RBI Released India’s Foreign Trade: August 2018

India’s overall exports (Merchandise and Services combined) in April-August 2018-19 (as per the RBI Press Release) are estimated to be USD 221.83 Billion, exhibiting a positive growth of 20.70% over the same period last year. Overall imports in April-August 2018-19 are estimated to be USD 269.54 Billion, exhibiting a positive growth of 21.01% over the same period last year. 
1. Merchandise Trade
EXPORTS
Exports in August 2018 were US $ 27.84 Billion, as compared to US $ 23.36 Billion in August 2017, exhibiting a positive growth of 19.21 per cent. 
IMPORTS
Imports in August 2018 were US $ 45.24 Billion, which was 25.41% higher in Dollar terms and 36.34% higher in Rupee terms over imports of US $ 36.07 Billion in August 2017. 
2. Trade In Services
EXPORTS 
Exports in July 2018 were US $ 17.55 Billion registering a positive growth of 4.04 per cent in dollar terms, as compared to a positive growth of 4.32 per cent in June 2018 (as per RBI’s Press Release for the respective months).
IMPORTS 
Imports in July 2018 were US $ 10.85 Billion registering a positive growth of 5.35 per cent in dollar terms, as compared to a positive growth of 0.89 per cent in June 2018 (as per RBI’s Press Release for the respective months).
OVERALL TRADE BALANCE
Taking merchandise and services together, overall trade deficit for April-August 2018-19 is estimated at US $ 47.72 Billion as compared to US $ 38.95 Billion in April-August 2017-18. 

Source- Press Information Bureau (PIB)

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Urjit Patel- 24th Governor of RBI, Headquarters- Mumbai, Established on- 1st April 1935, in Kolkata. 

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