| Date: |
20-05-2010 |
| Subject: |
India's imports jump 43.3% in April |
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New Delhi, May 19 (PTI) India's imports surged by a never-seen-before USD eight billion in April, indicating the rapid pace of domestic economic activity, even as the government downplayed the 36.2 per cent jump in exports.
The "real interesting story here is the huge surge in imports because I have never seen numbers this large... USD 8 billion jump in a month," Commerce Secretary Rahul Khullar said today.
Imports were up by a huge 43.3 per cent to USD 27.3 billion in the first month of the current fiscal, indicating that the domestic industry was consuming more and its output could grow.
Factory production has also been rising steadily, with a 13.5 per cent growth in March and 10.4 per cent for 2009-10.
Exports were up 36.2 per cent to USD 16.
Source : PTI
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