Myanmar-India border trade hits Rs 87 mn

Border trade between Myanmar and India reached Rs 87 million as of September 21 during the six-month transitional period which started in April, the Commerce Ministry said here on Sunday.
Representational Pic
Representational Pic

Border trade between Myanmar and India reached  Rs 87 million as of September 21 during the six-month transitional period which started in April, the Commerce Ministry said here on Sunday.

Myanmar has changed its fiscal year period from April-March to October-September beginning 2018-19, producing a six-month transitional gap, reports Xinhua news agency.

The country's total border trade with India during this period saw a sharp increase of $54 million, compared to the same period of last fiscal 2017-18 when it was $33 million.

From April to September this year, the country's exports to India through the border gates totalled $78 million and imports totalled $9 million.

Myanmar has been conducting trade with India via the Tamu and Reed border gates.   

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