India’s import rises by 10.70% in July

India Infoline News Service | Mumbai | August 16, 2017 09:40 IST

Imports of India rose by 10.70% to USD 33,993.61 million (Rs 2,19,108.89 crore) during July 2017 over the level of imports valued at USD 29,450.97 million (Rs 1,97,932.93 crore) in July, 2016.

Imports of India rose by 10.70% to USD 33,993.61 million (Rs 2,19,108.89 crore) during July 2017 over the level of imports valued at USD 29,450.97 million (Rs 1,97,932.93 crore) in July, 2016.

Cumulative value of imports for the period April-July 2017-18 was USD 1,46,256.71 million (Rs 942,740.00 crore) as against USD 1,13,996.75 million (Rs 7,63,687.22 crore) registering a positive growth of 28.30% in dollar terms and 23.45% in rupee terms over the same period last year.

Major commodity group of imports showing high growth in July 2017 over the corresponding month of last year are Petroleum, Crude and products (15.02%), Electronic goods (22.5%), Machinery, electrical and non-electrical (7.34%), Pearls, precious & Semi-precious stones (6.86%) and Gold (95.05%).

Oil imports during July, 2017 were valued at USD 7,844.94 million which was 15.02% higher than oil imports valued at USD 6,820.34 million in July 2016. Oil imports during April-July, 2017-18 were valued at USD 31,022.43 million which was 20.87% higher than the oil imports of USD 25,666.96 million in the corresponding period last year.

During the period, the global Brent prices ($/bbl) have increased by 8.03% in July 2017 vis-à-vis July 2016 as per World Bank commodity price data.

Non-oil imports during July, 2017 were estimated at USD 26148.67 million which was 15.55% higher than non-oil imports of USD 22,630.63 million in July, 2016. Non-oil imports during April-July 2017-18 were valued at USD 1,15,234.28 million which was 30.46% higher than the level of such imports valued at USD 88,329.79 million in April-July, 2016-17.

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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