India’s Exports Rise 19.63% to USD 44.24 Bn in Jul; Trade Deficit Widens to $31.98 Bn

New Delhi: India’s exports increased by 19.63 per cent to USD 44.24 billion in July, even as the trade deficit widened to USD 31.98 billion.

Imports rose by about 17.52 per cent to USD 76.22 billion in July.

During April-July this fiscal, exports jumped 17.04 per cent to USD 173.78 billion, and imports climbed 19.27 per cent to USD 292.38 billion.

India’s exports to West Asian countries rose 8.62 per cent to USD 5.7 billion in July, Commerce Secretary Rajesh Agarwal said in a press briefing on trade data.

Agarwal attributed the increase in the country’s outbound shipments to higher exports of petroleum products, electronics, engineering and marine goods.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.