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September 03, 2007 13:13 IST
India's exports increased by 18.52 per cent to $12.49 billion in July from $10.54 billion a year ago, while imports grew by 20.40 per cent to $17.50 billion as against 1$4.54 billion.
However, in rupee terms exports managed an improvement of only 3.10 per cent because of appreciation of the Indian currency particularly against the dollar. Imports, in rupee terms, were up 4.74 per cent.
The higher growth rate of imports led to a wider trade deficit of $5.14 billion from $4 billion.
During April-July period of the current fiscal, exports went up by 18.22 per cent to $46.79 billion from $39.58 billion in the corresponding months in the previous year, according to official data.
Imports in the period increased by 30.65 per cent to $72.41 billion from $55.42 billion. Trade deficit widened to $25.61 billion from $15.84 billion in the same months last year.
Significantly, non-oil imports increased much faster pace of 25.86 per cent to $12.46 billion in July than oil imports of $5.04 billion, which grew by 8.75 per cent.
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