<p>The country's exports surged 49.85 per cent to $35.43 billion in July on account of healthy growth in petroleum, engineering, and gems and jewellery segments, even as the trade deficit widened to $10.97 billion during the month, official data showed on Friday.</p>.<p>Imports during the month also rose by about 63 per cent to $46.40 billion, as per the data released by the commerce ministry. </p>.<p>"The trade balance for July 2021 was estimated at $(-) 10.97 billion as against $(-) 4.83 billion in July 2020, which is a decline of 127.37 per cent," the ministry said in a statement.</p>.<p>Oil imports soared by 97.45 per cent to $12.89 billion.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/indias-industrial-production-grows-136-in-june-1018989.html" target="_blank">India's industrial production grows 13.6% in June</a></strong></p>.<p>Exports during April-July 2021-22 rose by 74.5 per cent year-on-year to $130.82 billion, as against $75 billion in the same period last year.</p>.<p>Imports during the first four months of the fiscal increased by 94 per cent to $172.5 billion.</p>.<p>Commenting on the data, Federation of Indian Export Organisations (FIEO) President A Sakthivel said the global demand during this period has also remained buoyant as the order booking positions of exporters have been impressive.</p>
<p>The country's exports surged 49.85 per cent to $35.43 billion in July on account of healthy growth in petroleum, engineering, and gems and jewellery segments, even as the trade deficit widened to $10.97 billion during the month, official data showed on Friday.</p>.<p>Imports during the month also rose by about 63 per cent to $46.40 billion, as per the data released by the commerce ministry. </p>.<p>"The trade balance for July 2021 was estimated at $(-) 10.97 billion as against $(-) 4.83 billion in July 2020, which is a decline of 127.37 per cent," the ministry said in a statement.</p>.<p>Oil imports soared by 97.45 per cent to $12.89 billion.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/indias-industrial-production-grows-136-in-june-1018989.html" target="_blank">India's industrial production grows 13.6% in June</a></strong></p>.<p>Exports during April-July 2021-22 rose by 74.5 per cent year-on-year to $130.82 billion, as against $75 billion in the same period last year.</p>.<p>Imports during the first four months of the fiscal increased by 94 per cent to $172.5 billion.</p>.<p>Commenting on the data, Federation of Indian Export Organisations (FIEO) President A Sakthivel said the global demand during this period has also remained buoyant as the order booking positions of exporters have been impressive.</p>