The union commerce ministry said the country's exports increased by 49.85 per cent last July.
Last July, exports increased by 49.85 per cent to Rs 2.62 lakh crore. Petroleum products, engineering, navaratnas and ornaments were exported in large quantities during the month. In July, imports increased as much as exports. Imports increased by 63 per cent to Rs 3.43 lakh crore.Last July,
The country's trade deficit has increased to Rs 81,000 crore and oil imports have increased by 97.45 per cent in the estimated month. It is worth Rs 95,386 crore.
During April to July last year, exports increased by 74.5 per cent to Rs 9.68 lakh crore. During the same period, imports increased by 94 per cent to Rs 12.77 lakh crore. In the case of gold, imports were Rs 13,172 crore in July last year. This has increased to Rs 31,80 crore last July.
Exports increased in July to the highest in nine years. This indicates a rapid recovery of world trade, the department said.