India's April-August trade defict up over 15 per cent at $54.49 billion
03 Oct 2011
India's trade deficit widened to $54.49 billion during the first five months of the current financial year (April-August 2011-12), growing over 15 per cent year-on-year from $47.71 billion in April-August 2010-11.
Imports into the country during August 2012 were up 41.82 per cent at $38.35 billion while exports during the month rose 44.25 per cent to $24.31 billion.
Exports from the country during August 2011 were valued at $24.31 billion (Rs110,084.22 crore), up 44.25 per cent year-on-year in dollar terms and 40.26 per cent higher in rupee terms compared with the level of $16.85 billion (Rs78,486.28 crore) during August 2010.
Cumulative value of exports during April-August 2011-12 stood at $134.50 billion (Rs6,02,031.90 crore) as against $87.22 billion (Rs4,01,671.07 crore), up 54.21 per cent in dollar terms and 49.88 per cent higher in rupee terms compared with the level of exports in the same period last year.
India's imports during August 2011 were valued at $38.35 billion (Rs1,73,663.00 crore), up 41.82 per cent in dollar terms and 37.89 per cent higher in rupee terms compared to imports valued at $27.04 billion (Rs1,25,940.50 crore) in August 2010.
Cumulative value of imports for the period April-August 2011-12 was $189.39 billion (Rs8,47,987.07 crore) against $134.93 billion (Rs6,21,089.45 crore) - a growth of 40.37 per cent in dollar terms and 36.53 per cent in rupee terms compared with the growth rates of the same period last year.