India's exports decline by 3.67% in February 2014 after seven months of growth
Business & Economy

India's exports decline by 3.67% in February 2014 after seven months of growth

NetIndian News Network

New Delhi, March 11, 2014

India's exports declined by 3.67 per cent to $ 25.689 billion in February 2014 from $ 26.669 billion in the same month of the previous year after seven consecutive months of growth, an official statement said here today.
In rupee terms, exports went up by 11.47 per cent Rs.159858.16 crore from Rs. 143407.85 crore during February 2013, it said.
Exports had returned to positive territory in July 2013 with an 11.64 per cent growth after two months of decline. They grew by 12.97 per cent in August, 11.15 per cent in September, 13.47 per cent in October, 5.86 per cent in November, 3.49 per cent in December and by 3.76 per cent in January 2014.
The statement said the cumulative value of exports for the period April-February 2013 -14 was $ 282.777 billion (Rs 1712422.41 crore) as against $ 269.859 billion (Rs 1468159.38 crore), registering a growth of 4.79 per cent in dollar terms and 16.64 per cent in rupee terms over the same period last year.
Imports during February 2014 were valued at $ 33.819 billion (Rs.210451.11 crore), representing a negative growth of 17.09 per cent in dollar terms and a negative growth of 4.06 per cent in rupee terms over the level of imports valued at $ 40791.98 million (Rs. 219353.56 crore) in February 2013.
The cumulative value of imports for the period April-February 2013-14 was $ 410.863 billion (Rs. 2474626.88 crore) as against $ 449.789 billion (Rs. 2446387.26 crore), registering a negative growth of 8.65 per cent in dollar terms and growth of 1.15 per cent in rupee terms over the same period last year.
Oil imports during February 2014 were valued at $ 13.697 billion which was 3.1 per cent lower than oil imports valued at $ 14.134 billion in the corresponding period last year. Oil imports during April-February 2013-14 were valued at $ 151.841 billion which was 0.8 per cent higher than the oil imports of $ 150.632 billion in the corresponding period last year.
Non-oil imports during February 2014 were estimated at $ 20.122 billion which was 24.5 per cent lower than non-oil imports of $ 26.658 billion in February 2013. Non-oil imports during April-February 2013-14 were valued at $ 259.022 billion which was 13.4 per cent lower than the level of such imports valued at $ 299.157 billion in April-February 2012-13.
The trade deficit for April-February 2013-14 was estimated at $ 128.086 billion which was lower than the deficit of $ 179.930 billion during April-February 2012-13.
NNN

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