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Do rising imports reflect demand revival?

Despite naysayers, non-oil, non-gold imports clock strong growth rates fanning hopes of demand

Subhayan Chakraborty  |  New Delhi 

Imports continued to rise at a robust pace for the 10th month in June, fuelling hope among some experts that industrial demand was back on track. This, however, was not the universal opinion, even as non-oil, non-gold imports — often considered an indicator of domestic industrial demand — have been clocking strong growth rates. Imports rose 19 per cent in June over the corresponding month last year, with inbound shipments totalling $36.52 billion. This was significantly high despite being slower than 33.1 per cent growth in imports in May. “Import ...

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First Published: Tue, July 25 2017. 23:59 IST
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