Indian imports up 21.02% in August 2017

India Infoline News Service | Mumbai | September 16, 2017 13:13 IST

Imports during August 2017 were valued at USD 35,462.79 million (Rs 2,26,849.74 crore) which was 21.02% higher in Dollar terms and 15.65% higher in Rupee terms over the level of imports valued at USD 29,303.20 million (Rs. 1,96,154.44 crore) in August 2016, showed data released by the Finance Ministry.

Imports during August 2017 were valued at USD 35,462.79 million (Rs 2,26,849.74 crore) which was 21.02% higher in Dollar terms and 15.65% higher in Rupee terms over the level of imports valued at USD 29,303.20 million (Rs. 1,96,154.44 crore) in August 2016, showed data released by the Finance Ministry.

Cumulative value of imports for the period April-August 2017-18 was USD 1,81,719.50 million (Rs 11,69,589.74 crore) as against USD 1,43,500.87 million (Rs 9,61,178.43 crore) registering a positive growth of 26.63% in Dollar terms and 21.68% in Rupee terms over the same period last year.

Major commodity group of imports showing high growth in August 2017 over the corresponding month of last year are Petroleum, Crude & products (14.22%), Electronic goods (27.44%), Machinery, electrical & non-electrical (18.35%), Gold (68.90%) and Pearls, precious & Semi-precious stones (30.88%).

Oil imports during August 2017 were valued at USD 7,754.75 million which was 14.22% higher than oil imports valued at USD 6,789.47 million in August 2016.

Non-oil imports during August 2017 were estimated at USD 27,708.04 million which was 23.07% higher than non-oil imports of USD 22,513.73 million in August 2016.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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