Friday, Sep 19, 2014

India exports grow 10.22 pct to $26.4 bn in June; trade deficit up marginally

 Imports rise to USD 39.23 billion in May vs USD 35.7 bn in previous month. India's exports registered 10.22 per cent growth to $26.4 billion in June.
New Delhi | Posted: July 16, 2014 12:22 pm

India’s exports grew by 10.22 per cent to USD 26.4 billion in June this year while imports stood at USD 38.24 billion, up by 8.33 per cent, leaving a trade deficit of USD 11.76 billion, according to the Ministry of Commerce and Industry’s data.

Country’s exports stood at USD 24 billion in June last year while imports were at USD 35.3 billion, the data showed.

Exports in May rose by 12.4 per cent to USD 28 billion over the same month a year ago, while imports fell by 11.4 per cent to USD 39.23 billion.

In the April-June period, exports grew by 9.31 per cent to USD 80.11 billion.

Imports, however, dipped by 6.92 per cent to USD 113.19 billion during the first three months of this financial year.

Trade deficit during the period stood at USD 33.08 billion.

Oil imports increased by 10.9 per cent in June to USD 13.34 billion. Non-oil imports during the month under review were up by 7 per cent to USD 24.9 billion.

Country’s gold imports were up by 65.13 per cent to USD 3.12 billion in June this year from USD 1.88 billion in the same month last year.

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