New Delhi, Sept 1: The country's exports have registered a 7.71 per cent growth in dollar terms in July. This is the first time that exports have shown an uptrend in 1998-99.Latest trade data released on Tuesday showed that exports during July was $2.99 billion against $2.78 billion in July 1997.
However, exports in the first four months of the financial year registered a negative 3 per cent growth as shipments from the country from April to July slid to $10.62 billion against $11.03 billion during the corresponding period last year.
In rupee terms, exports were up by 10.82 per cent during the period, and for July the growth was 28.12 per cent.
Trade deficit during the period widened further to $3.30 billion against $1.83 billion during the same period last year.
The rise in trade balance was in tune with the fall in rupee value against the dollar during May and June this year as imports costs were up against lowered export value.
Imports during July registered a significant rise of 18.70 percent to $3.8 billion against $3.20 billion in July 1997 in view of the rupee fall.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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