Exports rise 2.25% to $26.33 bn in July; trade deficit narrows to $13.43 bn

Oil imports declined 22.15% to $9.6 billion

India's exports growth turned positive in July, spurting 2.25 per cent, while trade deficit narrowed to a four-month low of $13.43 billion, government data showed on Wednesday.

Exports increased to $26.33 billion in July as against $25.75 billion in the same month last year.

Decline in overall imports, including oil and gold, led to narrowing of the trade deficit -- the difference between imports and exports.

Trade deficit in July 2018 stood at $18.63 billion. The previous low was in March 2019, when this gap was at $10.89 billion.

Gold imports declined 42.2 per cent to $1.71 billion in July. Oil imports fell 22.15