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    <title>INDIA’S FOREIGN TRADE: JULY 2021</title>
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    <description>India&#039;s July 2021 external trade shows robust year on year export growth across merchandise and services while imports rose more sharply, producing a merchandise-driven monthly trade deficit. Merchandise exports expanded across many commodity groups though several agricultural and primary items declined. Oil imports rose significantly in value amid higher global prices; non-oil and non-gold imports also increased. Services exports delivered a provisional surplus, partially offsetting the merchandise shortfall. July services figures are estimated and subject to RBI revision.</description>
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