<h1>India's July 2008 Exports Rise by 31.2%, Imports Surge 48.1%, Trade Deficit Widens to $41 Billion.</h1> In July 2008, India's exports rose by 31.2% to $16,345 million compared to July 2007, with a cumulative export value for April-July 2008 reaching $59,191 million, marking a 24.6% increase from the previous year. Imports in July 2008 increased by 48.1% to $27,143 million, with cumulative imports for April-July 2008 at $100,418 million, a 34.2% rise. Oil imports surged by 69.3% in July 2008. The trade deficit for April-July 2008 was $41,227 million, significantly higher than the $27,352 million deficit from the same period in 2007.