New Delhi, August 14

Contracting for the fifth straight month, India’s exports slipped 10.21% to $23.64 billion in July, on account of decline within the shipments of petroleum, leather-based and gems and jewelry objects, in line with the federal government knowledge launched on Friday.

The nation’s imports too dipped 28.4% to $28.47 billion in July, leaving a commerce deficit of $4.83 billion, in comparison with a shortfall of $13.43 billion in the identical month final yr, as per the info.

The outward shipments in July, nevertheless, recovered from a steeper decline of 60.28% in April, 36.47% in May, and 12.41% in June.

Oil imports declined by 31.97% to $6.53 billion within the month beneath evaluate. Gold imports grew by 4.17% to $1.eight billion.

During the April-July interval, exports declined by 30.21% to $74.96 billion, whereas imports fell 46.7% to $88.91 billion. Trade deficit in the course of the interval stood at $13.95 billion. — PTI

Oil imports dip 32%

• Oil imports declined by 31.97% to $6.53 billion within the month beneath evaluate. Gold imports grew by 4.17% to $1.eight billion
• During the April-July interval, exports declined by 30.21% to $74.96 billion, whereas imports fell 46.7% to $88.91 billion. Trade deficit in the course of the interval stood at $13.95 billion