labels: industry - general, economy - general, trade
Exports touch $7.2 billion news
Our Economy Bureau
17 August 2005

India''s exports have revved up in July as compared to a year ago, with companies such as Steel Authority of India Ltd stepping up sales to China and Tata Motors Ltd establishing new markets overseas. Exports rose 26.8 per cent to $7.2 billion in July, as compared to the 19 per cent growth in June, the commerce and industry ministry said in a statement in New Delhi. Imports rose 33 per cent to $9.9 billion in July, widening the trade deficit to $2.6 billion from $1.7 billion a year ago. Exports, currently account for a 10th of India''s $661 billion economy. India wants to export goods worth $92 billion in the year to March 31, more than the $88 billion forecast earlier. Non-oil imports in April to July this year rose 38 per cent to $29 billion, while oil imports rose 32 per cent to $12.5 billion during the period.


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Exports touch $7.2 billion