Exports grow by 13.2% to $16.24 bn in July

Exports grew by 13.2 per cent to $16.24 billion in July compared to the same period last fiscal, posting growth for the ninth month in a row.

Imports too jumped by 34.3 per cent to $29.17 billion in July compared to the same month last fiscal, according to the official data released on Wednesday.

During April-July this fiscal, exports posted a growth rate of 30 per cent to $68.62 billion on year-on-year basis.

Imports during the April-July period grew by 33.3 per cent to $112.2 billion.

Oil imports in July grew by 4.4 per cent to $7.6 billion, while non-oil imports jumped by 49.6 per cent to $21.5 billion.

The country's trade deficit widened to $12.93 billion in July compared to the year-ago period.