Categories: Business

Export fall 10 percent in july

Photo: GOOGLE

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

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…