| Date: |
12-02-2011 |
| Subject: |
Exports Grow By 32.5 Pc To USD 20.6 Bn in January |
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India's exports grew by a healthy 32.5 per cent year-on-year to USD 20.6 billion in January, 2011 on account of increasing demand in the western markets.
During April-January this fiscal, the country's shipments went up by 29.4 per cent to USD 184.6 billion.
"It is a huge jump...Export performance is pretty damn good...By February, we should cross USD 200 billion," Commerce Secretary Rahul Khullar told reporters here.
Imports in January, 2011 is estimated to increase by 13.1 per cent to USD 28.6 billion over the same period last year, leaving a trade deficit of USD 8 billion during the month under review, Khullar said.
During April-January, 2010-11, imports rose by 17.6 per cent to USD 273.6 billion. The import numbers will be revised," Khullar added.
During the first 10 months of the financial year, trade deficit stood at USD 89 billion. Sectors that registered healthy growth during April-January, 2010-11 include gems and jewellery, engineering and petroleum and oil lubricants, he added.
Source : deccanherald.com
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