| Date: |
03-08-2010 |
| Subject: |
India's June exports up 30.4% yoy |
|
Growth in India's exports slowed marginally in June but expansion in imports moderated even more sharply, raising some concerns over the pace of India's trade amid lingering doubts about the global economic recovery.
India's merchandise exports grew by 30.4% to US$17.75bn while imports rose by 23% to US$28.3bn, data released by the Government showed on Monday.
This translates into a trade gap of US$10.55bn as against US$9.41bn in the same month last year. Trade deficit in May stood at US$11.29bn.
Exports had grown by 35.1% in May while imports had risen by 38.5%.
Oil imports in June were up 26.6% at US$8.35bn while non-oil imports rose by 21.5% to US$19.95bn, today's data showed.
Source : indiainfoline.com
|