The growth of imports, despite continued surge in the influx of gold, slowed in July to an annual 15.4 per cent from 19 per cent in the previous month, precipitating a narrower trade deficit of $11.45 billion.
During July 2017, major commodity groups of export showing positive growth over the corresponding month of past year are Engineering Goods (15.16%), Petroleum Products (20.27%), Organic & Inorganic Chemicals (20.67%), Cotton Yarn/Fabs./made-ups, Handloom Products etc.( 5.39%) and Marine Products (30.53%).
A contraction in export of pharmaceuticals, gems & jewellery and ready-made garments hit the overall export growth in July. The growth in non-oil imports during the first four months of the fiscal was 30.46 per cent higher at $115.23 billion.
The fact that rising value of rupee is adversely impacting the bottomline of exporters is evident from the trade data which reveal that in rupee terms export growth has actually turned negative, said TS Bhasin, Chairman, Engineering Export Promotion Council.
The country's overseas shipments aggregated at $22.54 billion in July 2017 against that of $21.68 billion in the same month of a year ago, showing a growth rate of 3.94 per cent.
Mr. Bhasin added that, "while engineering exports have still been growing at a respectable pace, it is due to pick up in base metals".
Stock Tracker: Looking at the Levels on Shares of GBM Gold Ltd After a recent check, PTC India Ltd.'s 14-day RSI is now at 51.36, the 7-day stands at 46.95, and the 3-day is sitting at 52.82. Tracking technicals and fundamentals may also help provide a roadmap to help separate the contenders from the pretenders.
Exporters blamed the slowdown on the appreciating value of rupee and the liquidity crunch faced by units following the implementation of the new Goods and Services Tax (GST) regime.
Major commodity group of imports showing high growth in July were petroleum products (15.02%), electronic goods (22.5%), machinery, electrical and non-electrical (7.34%), pearls, precious and semi-precious stones (6.86%) and gold (95.05%).
Oil imports grew 15.02% in July to $7.84 billion, while non-oil imports rose 15.55% to $26.14 billion. The commerce ministry said global Brent prices rose 8.03% in July 2017 vis-à- vis July 2016 as per World Bank commodity price data.
Gold import increased by 95 per cent to United States dollars 2.10 billion in July against USD 1.07 billion in the same month a year ago.
The country's exports during the corresponding month of past year stood at $21.69 billion. Cumulative value of imports for the period April-July 2017-18 was $146256.71 million (Rs. 942740.00 crore) as against $113996.75 million (Rs. 763687.22 crore) registering a positive growth of 28.30% in Dollar terms and 23.45% in Rupee terms over the same period previous year.
Apart from its strong foray in the US , the company also boasts a strong opportunity in the ever-expanding global defense market. Citadel Advisors Llc decreased First Tr Exch Traded Fd Iii (FTLS) stake by 17,614 shares to 14,905 valued at $514,000 in 2016Q4.
The fact sheet tells people how to prepare for an attack, and what to do if, heaven forbid, an attack actually occurred. About 163,000 people live on the island that spans only about 12 miles (19 kilometers) at its widest.
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Do you need protective glasses the whole time? Be sure to only purchase glasses with an ISO label ensuring they're safe for using. "What it means to me as an optomologist is we are at the highest risk, because there isn't a time of total eclipse ", Dr.
SpaceX now has 14 such rocket landings under its belt, and the company has reflown two landed boosters to date. If successful, similar computers could be critical tools for future deep-space missions beyond Earth.
It has outperformed by 33.04% the S&P500.The move comes after 7 months negative chart setup for the $3.72 billion company. Letko Brosseau & Associates Inc decreased Verizon Communications Inc (VZ) stake by 5.23% reported in 2016Q4 SEC filing.
Juniper is BPTT's 14th offshore platform in Trinidad and its sixth to be constructed at the fabrication yard in La Brea, Trinidad. Juniper in Trinidad and Persephone in Australia are now producing, meaning five of the projects are now up and running.
Pep Guardiola has sent a full squad, though Kyle Walker has been given permission to miss the trip for personal reasons. Kayode, who has also played for ASEC Mimosas in the Ivory Coast, FC Luzern in Switzerland Maccabi Netanya in Isreal.
The latest reading places the stock above the Ichimoku cloud which indicates positive momentum and a potential buy signal. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements.
When he passed suddenly of an accidental overdose at the age of 57, the world quite literally lit up with purple tributes . Follow Marie Claire on Facebook for the latest celeb news, beauty tips, fascinating reads, livestream video, and more .
In terms of the software, it looks like the smartphone will be running Android 7.0 Nougat based Flyme OS out of the box. Besides, Meizu M5 Note offers Hybrid Dual SIM, 4G with VoLTE, WiFi, GPS, Bluetooth and a micro USB port.
Two militants were arrested from Handwara area of north Kashmir's Kupwara district. The second team pounced on the duo and soon overpowered them.
990 police personnel get medals on Independence Day eve
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Missouri School Yanks Gay Teens' Yearbook Quotes
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Game of Thrones fans lose it after spotting mystery ghost
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Elon Musk: AI Poses 'Vastly More Risk Than North Korea'
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$0.14 EPS Expected for Healthequity Inc (HQY)
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Caught on Camera: Cop punches suspect
Morrow told 12News that most of the Beaumont Police patrol units are SUVs and the marked cars that they still have are white. If you watch the video the marked police vehicle in the background is clearly not a Beaumont Police patrol auto .