India’s exports rise 19.63% to $44.24 bn in July, trade deficit widens | Economy & Policy News

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

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

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

India’s exports to West Asian countries rose 8.62 per cent to $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.

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