Macroeconomic Indicators

Up to October 2012 during the current fiscal, India’s foreign trade position has deteriorated significantly compared with the corresponding period of 2011-12. In dollar terms, exports have declined by 6.2% and imports by 2.7% (non-oil imports declined by 8.2%). Thanks however to the depreciation of the rupee, exports and imports showed increases of 11.5% and 15.5%, respectively, in rupee terms. The trade deficit widened between the two periods, both in dollar and rupee terms from $106.8 billion to $110.2 billion and from Rs 4.90 lakh crore to Rs 5.99 lakh crore, respectively.