Exports from India declined 21.06 percent during March 2015 USD 23.95 billion (Rs.1495.75 billion in dollar terms (19.20 percent lower in Rupee terms) than the level of USD 30.34 billion (Rs. 1851.23 billion) during March 2014.

Imports during March 2015 were valued at USD 35.75 billion (Rs.2232.25 billion) which was 13.44 percent lower in Dollar terms (11.40 percent lower in Rupee terms) over the level of imports valued at USD 41.29 billion (Rs. 2519.54 billion) in March, 2014.

As a result, trade deficit has widened sharply by 72% in March 2015 to USD 11.79 billion from USD 6.85 billion in the previous month. It was also higher when compared with USD 10.95 billion trade deficit in March 2014.

Oil imports during March 2015 were valued at USD 7.41 billion which was 52.68 percent lower than oil imports valued at USD 15.67 billion in the corresponding period last year.

Non-oil imports during March 2015 were estimated at USD 28.33 billion which was 10.55 percent higher than non-oil imports of USD 25.63 billion in March 2014.

For full fiscal year 2015, exports stood at USD 310.534 billion (Rs 18970.26 billion) as against USD 314.42 billion (Rs. 19050.11 billion) registering a growth of negative 1.23 percent in Dollar terms and growth of negative 0.42 percent in Rupee terms over the same period last year.

Meanwhile, imports for the period April-March 2014-15 was USD 4475.48 billion (Rs. 27340.49 billion) as against USD 4502.14 billion (Rs 27154.34 billion) registering a growth of negative 0.59 percent in Dollar terms and growth of 0.69 percent in Rupee terms over the same period last year.

As a result, trade deficit for April-March, 2014-15 was estimated at USD 137.014 billion which was higher than the deficit of USD 135.80 billion during April-March, 2013-14.

Oil imports during April-March, 2014-15 were valued at USD 138.26 billion which was 16.09 percent lower than the oil imports of USD 164.77 billion in the corresponding period last year.

Non-oil imports during April-March, 2014-15 were valued at USD 309.29 billion which was 8.35 percent higher than the level of such imports valued at USD 285.44 billion in April-March, 2013-14.