India's Exports Decline 14.8% In July

  on
Rupee
Rupee

India's annual exports and imports declined for the third consecutive month in July owing to the weak demand from the U.S. and European countries due to the global economic slowdown.  

http://imagec18.247realmedia.com/RealMedia/ads/Creatives/default/empty.gifExports fell sharply 14.8 percent to $22.4 billion while imports declined 7.6 percent to $37.9 billion on a year-on-year basis, according to the data released by the Ministry of Commerce.

In the April-July period of the current fiscal year, exports dipped 5.06 percent to $97.65 billion from $102.85 billion in the same period last year while imports fell 6.47 percent to $153.2 billion from $163.80 billion in the same quarter last year.

The trade deficit for July stood at $15.5 billion, up from 147.2 billion a year ago. The cumulative trade deficit for the April-July period narrowed to $55.55 billion, compared to the $60.96 billion deficit in the same period last year. 

Oil imports in July stood at $12229.1 million, down 5.52 percent compared to $12943.0 million in the corresponding period last year.  Non-oil imports in July declined 8.57 percent to $25707.1 million, compared to the non-oil imports of $ 28116.7 million in the same month last year.

Oil imports for the April-July period stood at $53814.1 million and non-oil imports for the same period last year was at $99381.5 million.

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video