Exports up 14.32 pc in July to USD 25.77 bn
The trade data released by the commerce ministry today also revealed that merchandise imports during July were valued at USD 43.79 billion, a growth of 28.81 percent compared to USD 33.99 billion in the year-ago period.
- Country:
- India
India's exports rose by 14.32 percent to USD 25.77 billion in July compared to USD 22.54 billion in the year-ago month mainly on account of the better performance of gems and jewelry sector as well as petroleum products.
The trade data released by the commerce ministry today also revealed that merchandise imports during July were valued at USD 43.79 billion, a growth of 28.81 percent compared to USD 33.99 billion in the year-ago period.
The sharp surge in imports led to worsening of trade deficit to USD 18.02 billion in the reporting month as against a deficit of USD 11.45 billion during July 2017.
Gold imports surged by 40.94 percent in July to USD 2.96 billion compared to USD 2.102 billion in July 2017.
As regards exports, the outward shipments of petroleum products surged from USD 3 billion in July last year to USD 3.9 billion, showing a growth of about 30 percent.
Export of gems and jewelry was up 24.62 percent to USD 3.18 billion.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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