Categories: Business

Export fall 10 percent in july


Export fall 10 percent in july

new Delhi. India's exports declined by 10.21 percent in July and came to $ 23.64 billion. This has been the fifth consecutive month when the country's exports have declined. This information was found in the government data released on Friday. The main reason for the fall in exports in July is the low export of petroleum, leather and gems and jewelery etc. According to the data, imports also fell 28.4 percent to $ 28.47 billion in July. During this period, the trade deficit was reduced to $ 4.83 billion, compared to $ 13.43 billion in the same month a year ago. Earlier, exports had fallen by 60.28 percent in April, 36.47 percent in May and 12.41 percent in June.

According to the data, oil imports declined by 31.97 percent to $ 6.53 billion. However, gold imports rose 4.17 percent to $ 1.8 billion during this period. During the period from April to July, exports declined by 30.21 percent to a total of $ 74.96 billion. Imports during the period dipped by 46.7 percent to $ 88.91 billion. Thus, the country's trade deficit during the first four months of the current financial year stood at $ 13.95 billion.

This post was published on August 14, 2020 9:04 pm

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