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July exports jump 82% to $29.3 bn

July exports jump 82% to $29.3 bn
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First Published: Thu, Sep 01 2011. 12 09 PM IST
Updated: Thu, Sep 01 2011. 12 09 PM IST
New Delhi: India’s exports in July rose an annual 82% to $29.3 billion, while imports for the month rose 51.5% to $40.4 billion, government data showed on Thursday.
India’s trade deficit in July stood at $11.1 billion, it said, while oil imports rose 37.02% from a year ago to $11.45 billion.
India’s exports grew a record 37.6% in the 2010-11 fiscal year that ended in March, but last month trade secretary Rahul Khullar said that India “would be lucky” to achieve 20% annual exports growth in the current financial year.
Khullar also warned growth in exports is expected to slow down from August-September.
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First Published: Thu, Sep 01 2011. 12 09 PM IST
More Topics: Exports | Imports | India | Economy | Inflation |