In July, India's exports grew by 4.5 per cent to 2.7 billion

(PTI) New delhi date. 13

In July, the country's exports grew by 4.5 per cent to 4.5 billion. The country's exports rose in July on the back of higher exports from the petroleum, engineering, gems and jewelery sectors. However, according to data released by the government, the trade deficit widened to ૧૦ 10.8 billion in July.

According to data released by the Union Ministry of Commerce, imports also grew by 6 per cent to 2.50 billion in July.

The trade deficit stood at ૧૦ 10.8 billion in July, with imports at ૪૬ 2.50 billion and exports at ૪૩ 2.8 billion. In July 2020, the trade deficit stood at 4.5 billion.

In July, oil imports grew by 7.5 per cent to 16.7 billion. During the April-July period of 2011-12, exports grew by 7.5 per cent to 120.7 billion. Exports during the same period last year stood at 3 billion.

In the first four months of the current fiscal, imports grew by 3 per cent to 16.7 billion from April to July.

After the figures were released, A Sakthivel, president of the Federation of Indian Export Organizations (FIEO), said global demand had also been positive during the period. The booking position of exporters has also been good.