India's exports jump 11.64 percent in July

New Delhi, Aug 12 (IANS) India's exports rose by 11.64 percent to $25.83 billion in July while imports dropped by 6.2 percent, government data showed Monday.

The monthly trade deficit was $12.27 billion, almost the same level as the previous month. Trade deficit had narrowed to $12.24 billion in June after hitting a seven-month high in April.

The total value of imports in July was $38.10 billion, compared to $40.61 billion in the same month last year, an year-on-year drop of 6.20 percent, according to data from the ministry of commerce and industry.

Cumulative value of exports for April-July was $98.29 billion, as against $96.63 billion during the same period last year, a growth of 1.72 percent.

Value of imports for the first four months of the current fiscal was $160.73 billion, 2.82 percent higher than the $156.32 billion registered in April-July of 2012.

India's trade deficit jumped to $62.44 billion in the first four months of the current fiscal as compared to $59.69 billion during the same period last fiscal.

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