The monthly trade deficit was USD 12.27 billion, almost the same level as the previous month. Trade deficit had narrowed to USD 12.24 billion in June after hitting a seven-month high in April.
The total value of imports in July was USD 38.10 billion, compared to USD 40.61 billion in the same month last year, an year-on-year drop of 6.20 percent, according to data from the ministry of commerce and industry.
Cumulative value of exports for April-July was USD 98.29 billion, as against USD 96.63 billion during the same period last year, a growth of 1.72 percent.
Value of imports for the first four months of the current fiscal was USD 160.73 billion, 2.82 percent higher than the USD 156.32 billion registered in April-July of 2012.
India's trade deficit jumped to USD 62.44 billion in the first four months of the current fiscal as compared to USD 59.69 billion during the same period last fiscal.
--IANS (Posted on 12-08-2013)