EXPORTS FOR JULY DECLINE 14.8%; TRADE DEFICIT AT USD 15.5 b

India’s exports for July declined almost 15 percent on a Y/Y basis to USD 22.4 b on slowdown in demand abroad. Shipment of goods came in at USD 26.3 b.

The country also reduced its imports by 7.6 percent to USD 37.9 b on a y/y basis.

Hence, trade deficit came in at USD 15.5 b.

For the April-Jul period or 1Q12-13, exports declined 5 percent to USD 80.4 b and imports declined 6.47 percent to USD 153.2 b, leaving a trade deficit of USD 72 b. (Moneycontrol)



Categories: General News

Tags: , ,

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: