Exports Grew by 13.2%
Exports from India grew by 13.2 per cent to touch US$ 16.25 billion in July this year, as compared to corresponding figures of last year. However, imports too have risen by 34. 3 per cent.
During April-July this fiscal, exports posted a growth rate of 30 per cent to USD 68.62 billion on year-on-year basis. Imports during the April-July period grew by 33.3 per cent to USD 112.2 billion.
Oil imports in July grew by 4.4 per cent to USD 7.6 billion, while non-oil imports jumped by 49.6 per cent to USD 21.5 billion.
This indicates that India’s trade deficit widened to US $ 12.93 billion in July compared to last year.