India hopeful of closing trade gap in Jan-March - commerce minister

Last Updated: Wed, Feb 13, 2013 07:00 hrs

MUMBAI, Feb 13 (Reuters) - India is hopeful that exports in January will help close the trade gap, Commerce Minister Anand Sharma said on Wednesday.

Data released separately showed exports were up 0.8 percent in January while imports rose 6 percent. The trade deficit in January stood at $20 billion.

Sharma said gold imports are a matter of concern and a balanced approach is needed towards gold import duty. (Reporting by Neha Dasgupta; Editing by Sunil Nair)

More from Sify: