By IANS
New Delhi : India’s exports during July reached $12.494 billion from last year’s $10.542 billion in same month, an increase of 18.52 percent, even as the rupee is witnessing an unabated rise against the dollar.
However, the country’s trade deficit also expanded as imports rose by 20.40 percent to reach $17.508 billion against $14.542 billion last year, according to the trade data released by the Commerce and Industry Ministry.
The trade deficit for April-July 2007 was estimated at $25.619 billion, which was higher than the deficit at $15.841 billion during April-July 2006, an official statement said.
The oil imports during July were valued at $5.048.33 billion which was 8.75 percent higher than oil imports valued at $4.642 billion last year.
Oil imports during April-July, 2007, were valued at $19.878 billion, which was 5.33 percent higher than the oil imports of $18.873 billion in the corresponding period last year.