India’s export during September 2016 has shown sign of revival, registering a growth of 4.62 per cent in dollar term to $22.88 billion as compared to $21.86 billion in September 2015. In rupee term the exports was higher by 5.45 percent to Rs.152699.59 crore in September 2016 compared to Rs.144814.06 crore) during September,2015. However, cumulative value of exports for the period April-September 2016-17 was $131.40 billion as against $133.72 billion, registering a negative growth of 1.74 per cent in the same period last year. In Rupee term it was up by 2.43 percent to Rs.879475.63 crore from Rs.858622.52 crore. As per WTO statistics the growth in exports have fallen for USA by (-)6.42%, EU (-)8.39 %, China (-)4.36% but Japan exhibited positive growth 1.92% for July 2016 over the corresponding period of previous year.
Imports during September 2016 decreased by 2.54 percent in dollar terms to $31.22 billion, as compared to $32.03 billion in September 2015, while in rupee terms it was 1.78 percent lower to Rs.208356.00 crore from Rs.212130.85 in September, 2015. Cumulative value of imports for the period April-September 2016-17 was $174.40 billion as against $202.26 billion, registering a decline of 13.77 percent in same period last year. In Rupee term the cumulative imports was Rs.1167458.25 crore, down by 10.10 percent from Rs.1298646.11 crore in the same period last year. The trade deficit for April-September, 2016-17 was estimated at $ 43.00 billion which was 37.26 % lower than the deficit of $ 68.55 billion during April-September, 2015-16. Overall trade deficit for April- September 2016-17 is estimated at $ 16.12 billion which is 60.07 percent lower in Dollar terms than the level of $ 40.37 million during April-September 2015-16.
As per the data of Ministry of Commerce & Industry, export of petroleum goods decreased 1.43% to $2.55 billion in September 2016 as compared to $2.58 billion in same month last year, while Non-petroleum exports in September increased 5.44 percent to $20.33 billion as compared to $19.28 billion in same month last year. On other hand, oil imports during September 2016 rose 3.13 percent to 6.88 billion as against $6.67 billion in the corresponding period last year, while Non-oil imports during September 2016 dropped 4.04 percent to $24.33 billion as against $25.35 billion in the corresponding period last year.
Trade in services exports during August 2016 increased 4.74 percent to $13.38 billion and imports during same period rose to 8.71 percent to $8.05 billion. Further, the trade deficit for April-September, 2016-17 was estimated at $43.00 billion was 37.26 percent lower than the deficit of $68.54 billion during April-September, 2015-16.
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