The country’s exports grew three point nine percent in July this year (2017), on a yearly basis to 22 (point) 5 billion dollars. Exports rose due to an increase in shipments of petroleum, chemicals and marine products. Official data released today showed that imports rose 15.4 per cent in July, to 34 billion dollars, due to a rise in inward shipments of crude oil and gold.
The country’s trade deficit widened to 11.4 billion dollars during the month under review, from 7.8 billion dollars in July last year (2016). Gold import spurted 95 per cent, to 2.1 billion dollars in July. Oil imports increased 15 per cent in July.
Source- Business Standard