"Exports in July are estimated at $10.2 billion as per provisional figures, showing a growth of 41 per cent over the provisional figures of the same month last year," Commerce Minister Kamal Nath said. Nath said total exports in April-July this fiscal rose by 34 per cent to $38 billion.
Imports increased 24 per cent in July to $14.1 billion. Cumulative imports in the first four months of this fiscal rose 29 per cent to $54.5 billion, implying a trade deficit of about $16.5 billion so far this year.
"These are provisional figures and will be revised upwards later," he said. Nath said of the total, oil imports, which rose about 43 per cent, were to the tune of $18.5 billion while the remaining were non-oil imports. This meant that non-oil imports were lower than exports by about $2 billion, he added. The strong growth of more than 30 per cent in exports
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