India's exports up 7.33% at $27.72 bn in July

After registering double digit growth for two consecutive months, India's exports grew by 7.33% to $27.72 billion in July, while imports rose by 4.25% to $39.95 billion.

After registering double digit growth for two consecutive months, India's exports grew by 7.33% to $27.72 billion in July, while imports rose by 4.25% to $39.95 billion.

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Trade deficit marginally narrowed down to $12.22 billion during July under review from $12.49 billion, according to the Ministry of Commerce and Industry's data.

Exports in May and June registered a growth of 12.4% and 10.22%, respectively.

In the April-July period, exports grew by 8.62% to $107.8 billion.

Imports, however, dipped by 3.8% to $153.15 billion during the first four months of this financial year.

Trade deficit during the period (April-July) stood at $45.31 billion.

Oil imports increased by 12.75% in July to $14.35 billion. Non-oil imports during the month under review were up by 0.03% to $25.6 billion.

Country's gold imports were dip by 26.39% to $1.81 billion in July this year from $2.46 billion in the same month last year.