Assuring the economic rebound, the India’s merchandise shipments have posted a growth of over 18% in November at $13.2 billion as compared to $11.16 billion in the corresponding month of the last year.
The official data released by the union commerce secretary, Mr. Rahul Khullar has indicated that the total exports for April-November 2009 were $104.25 billion, which fell by 22.3 per cent from the $134.2 billion in the corresponding period of last financial year.
Some major sectors that have performed well during the month are petro- products, gems and jewellery, basic chemicals, iron ore, readymade garments, manmade fibre and leather products.
Exports of petroleum products reached $2.4 billion in November as compared to $1.3 billion in the same month of the last year, while gems and jewellery exports topped at $2.15 billion from $1.6 billion in November 2008.
In the export segment, some sectors still have been facing problems, as the exporters are expecting that the government might take back the financial stimulus, which include, extension of interest subvention, additional funds allocation for certain schemes, enhancing duty drawback rates on specific products and abolition of fringe benefits tax.
Source : topnews.in