August exports drop 9.74 per cent

Sluggish global demand has led to India's exports during August, 2012 falling 9.74 per cent to US $ 22330.44 million (Rs. 124067.50 crore), against US $ 24739.38 million (Rs. 112016.94 crore) during August, 2011.

Cumulative value of exports for the period April-August 2012-13 was US$ 119977.36 million (Rs 655670.24 crore) as against US $ 127587.62 million (Rs 571179.18 crore) registering a negative growth of 5.96 per cent in Dollar terms and growth of 14.79 per cent in Rupee terms over the same period last year.

India's imports during August, 2012 were valued at US $ 37952.86 million (Rs.210865.35 crore) representing a negative growth of5.08 per cent in Dollar terms (growth of 16.47 per cent in Rupee terms) over the level of imports valued at US $ 39984.69 million ( Rs. 181045.87 crore) in August, 2011. Cumulative value of imports for the period April-August, 2012-13 was US $ 191148.45 million (Rs. 1044658.06 crore) as against US $ 203790.14 million (Rs. 912439.82 crore) registering a negative growth of 6.20 per cent in Dollar terms and growth of 14.49 per cent in Rupee terms over the same period last year.

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