India’s trade deficit widens

PUBLISHED ON: September 1, 2008 | Duration: 1 min, 59 sec

   
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India's exports increased by 31.2 per cent in July but the country's total import bill soared by 48.1 per cent on the back of huge rise in crude oil imports. Exports grew to $16.34 billion while imports rose to $27.14 billion, leaving a trade deficit of $10.79 billion in July, according to official figures released in New Delhi on Monday.
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