ENA Economy 2016-10-15 04:01:41 <p><strong>New Delhi, Oct 15 (KNN)</strong> Showing revival signs, Indias exports grew by 4.62 per cent in September, 2016 Year-on-Year.</p> <p>Exports during September, 2016 has shown sign of revival registering a growth of 4.62 per cent in dollar terms valued at US$ 22880.56 million in September 2016 than the level of US$ 21869.36 million (Rs.144814.06 crore) during September, 2015, said an official data.</p> <p>Cumulative value of exports for the period April-September 2016-17 was US$ 131400.50 million as against US$ 133723.24 registering a negative growth of 1.74 per cent in Dollar terms and positive growth of 2.43 per cent in Rupee terms over the same period last year.</p> <p>The growth in exports have fallen for USA (-6.42%), EU (-8.39 %), China (-4.36%) but Japan exhibited positive growth (1.92%) for July 2016 over the corresponding period of previous year as per latest WTO statistics.</p> <p>Imports during September 2016 were 2.54 per cent lower as compared to that in September, 2015.</p> <p>Cumulative value of imports for the period April-September 2016-17 was US$ 174409.62 million as against US$ 202269.62 million registering a negative growth of 13.77 per cent in Dollar terms and 10.10 per cent in Rupee terms over the same period last year.</p> <p>Meanwhile, Indias overall trade balance has improved. Taking merchandise and services together, overall trade deficit for April- September 2016-17 is estimated at US$ 16120.12 million which is 60.07 percent lower in Dollar terms than the level of US$ 40368.38 million during April-September 2015-16. (Services data pertains to April-August 2016 as August 2016 is the latest data available as per RBI release.</p> 15607 http://knnindia.co.in/news/newsdetails/economy/indias-exports-on-revival-mode-grows-by-462-in-september 2016-10-15 04:01:41 knnindia.co.in