India’s exports continue momentum in July 2017

As per the available data, India’s exports have continued to climb the charts and the figures for July 2017 is no exception. In tune with the trail of the past 11 months, there has been a growth of 3.94% in dollar terms valued at USD 22,543.80 million as compared to USD 21,689.57 million during July 2016. In rupee terms, exports during July 2017 were valued at Rs 1,45,308.10 crore as compared to Rs 1,45,770.39 crore during July 2016, posting negative growth of 0.32%.
 
In July, certain items have shown good growth in exports, including engineering goods (15.16%), petroleum products (20.27%), organic and inorganic chemicals (20.67%), cotton yarn/fabs/made-ups, handloom products, etc. (5.39%), and marine products (30.53%). The cumulative value of exports for the period April-July 2017-18 was USD 94,756.13 million as against USD 87,001.34 million, registering a positive growth of 8.91% in dollar terms and 4.81% in rupee terms over the same period last year.
 
The exports of non-petroleum and non-gems and jewellery in July 2017 were valued at USD 22,543.80 million as against USD 21,689.57 million in July 2016, an increase of 6.93%. The exports of non-petroleum and non-gems and jewellery exports during April-July 2017-18 were valued at USD 94,756.13 million as compared to USD 87,001.34 million for the corresponding period in 2016-17, an increase of 9.05%.