sree45
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NEW DELHI, AUG 12:
After two months of fall, goods exports shot up 11.64 per cent in July this year to $25.83 billion buoyed by a growth in shipments of pharmaceuticals, textiles, chemicals and heavy machinery.
A sharp decline in gold & silver imports to $2.97 billion in July 2013 compared to $4.47 billion of imports in the comparable month last year, resulted in an overall 6.2 per cent fall in overall exports to $38.10 billion.
Trade deficit narrowed to $12.26 billion during the month compared to the previous months bringing some relief to policy makers grappling to keep the current account deficit in check.
The Commerce Secretary, S.R. Rao, said that a depreciating rupee had helped exporters as their realisation had increased but a stable foreign exchange helped in long-term contracts.
Oil imports during July 2013 was 8 per cent lower at $13.816 billion, while non-oil imports at $25.39 billion were 5.26 per cent lower than the same month last year.
In the April July 2013-14 period, exports rose 1.72 per cent to $ 98.29 billion. Imports during the period posted a growth of 2.82 per cent to $160.73 billion. Trade deficit during April July 2012-13 was $62.44 billion compared to $59.69 billion last year.
Rao said the incentives announced recently to boost exports will show results in the coming months.
Exports in 2012-13 fell 1.6 per cent to $ 300.6 billion as slowdown in the global economy shrunk demand while imports increased by a marginal 0.44 per cent to $491.48 billion from $489.31 billion creating a trade deficit of $190.91 billion.
http://www.thehindubusinessline.com/industry-and-economy/indias-exports-jump-1164-in-july-trade-deficit-falls-to-122-b/article5015232.ece
After two months of fall, goods exports shot up 11.64 per cent in July this year to $25.83 billion buoyed by a growth in shipments of pharmaceuticals, textiles, chemicals and heavy machinery.
A sharp decline in gold & silver imports to $2.97 billion in July 2013 compared to $4.47 billion of imports in the comparable month last year, resulted in an overall 6.2 per cent fall in overall exports to $38.10 billion.
Trade deficit narrowed to $12.26 billion during the month compared to the previous months bringing some relief to policy makers grappling to keep the current account deficit in check.
The Commerce Secretary, S.R. Rao, said that a depreciating rupee had helped exporters as their realisation had increased but a stable foreign exchange helped in long-term contracts.
Oil imports during July 2013 was 8 per cent lower at $13.816 billion, while non-oil imports at $25.39 billion were 5.26 per cent lower than the same month last year.
In the April July 2013-14 period, exports rose 1.72 per cent to $ 98.29 billion. Imports during the period posted a growth of 2.82 per cent to $160.73 billion. Trade deficit during April July 2012-13 was $62.44 billion compared to $59.69 billion last year.
Rao said the incentives announced recently to boost exports will show results in the coming months.
Exports in 2012-13 fell 1.6 per cent to $ 300.6 billion as slowdown in the global economy shrunk demand while imports increased by a marginal 0.44 per cent to $491.48 billion from $489.31 billion creating a trade deficit of $190.91 billion.
http://www.thehindubusinessline.com/industry-and-economy/indias-exports-jump-1164-in-july-trade-deficit-falls-to-122-b/article5015232.ece
