Coal news and updates

India’s trade deficit down 2.10% y-o-y in July

August 19: India’s trade deficit (merchandise) for the month of July, 2014 provisionally fell 2.10% to 12,228.63 million compared to $12,491.37 million reported in the same month a year ago, according to an official release by the Ministry of Commerce and Industry.

On a month-on-month basis, however, India’s trade deficit for July, 2014, increased by almost 4% compared to $11,763.24 million in June 2014.

The trade deficit for April-July of the current financial year (2014-15) was estimated at $45,312.56 million which is lower than the deficit of $59,914.09 million reported during April-July, 2013-14. 

Exports, including re-exports, during the month of July, 2014 were valued at $27,727.60 million (Rs 166,528.07 crore) which was 7.33% higher in dollar terms (7.83% higher in rupee terms) than the level of $25,835.08 million (Rs 154,430.24 crore) during July, 2013. Cumulative value of exports for the period April-July, 2014-15 was $107,839.90 million (Rs 645,456.97 crore) as against $99,280.97 million (Rs 565,031.46 crore), registering a growth of 8.62% in dollar terms and growth of 14.23% in rupee terms over the same period last year.

Imports during July, 2014 were valued at $39,956.23 million (Rs 239,971.50 crore), representing a growth of 4.25% in dollar terms and  growth of 4.75% in rupee terms  over the level of imports valued at $38,326.45 million (Rs 229,097.87 crore) in July, 2013. The cumulative value of imports for the period April-July 2014-15 was $153,152.46 million (Rs 916,666.03 crore) as against $159,195.06 million (Rs 903,320.98 crore), registering a negative growth of 3.80% in dollar terms and growth of 1.48% in rupee terms over the same period last year.