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NEW DELHI - India's merchandise exports rose for the eighth straight month in July to $35.43 billion, up 49.85% from a year earlier, revised trade data released by the government showed on Friday.
Imports in July rose 62.99% to $46.40 billion, driven by a rise in oil and gold imports, resulting in a trade deficit of $10.97 billion, a statement from the Ministry of Commerce and Industry said.
India has set a target of $400 billion in merchandise exports for the current fiscal year ending in March 2022, compared to $291.2 billion in the previous fiscal year. REUTERS