India’s imports in July 2011 were $40.4billion registering a growth of 51.5 per cent.Trade deficit for July 2011 stood at $11.1billion .During April-July 2011,exports reached a level of $108.3billion a growth of 54 per cent while imports were $151billion with a growth of 40 per cent and a trade deficit of $42.7billion during the same period.
During April-July 2011,the following sectors have done well in terms off exports engineering ($31.6 billion) gems ($18.6 billion)man-made yarn and made-ups($1.73 billion)electronics($3.72 billion)and ready made garments 9$5 billion).
As regards to imports during April_July 2011 the following sectors performed well:POL ($42 billion)pearls and precious stones ($11.2 billion)gold and silver 9$21.5 billion) machinery ($12 billion)and electronics ($10.3 billion).
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