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