| Date: |
11-12-2010 |
| Subject: |
India's exports grow faster than imports for a second straight month news |
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India's exports grew at a faster rate of 26.8 per cent year-on-year during November 2010 to $18.9 billion.
The November export figure was also higher compared with exports worth $18.0 billion in the previous month (October 2010), commerce secretary Rahul Khullar said.
India's exports had grown 21.3 per cent in October 2010.
The country's exports during April-November 2010 stood at $140.3 billion, posting a growth of 26.7 per cent.
Imports into the country, on the other hand, grew at a slower 11.2 per cent to $27.8 billion during November 2010, while imports during the April-November 2010 period grew 24 per cent to $222 billion.
India's trade deficit for the financial year so far stood at $81 billion at the end of November 2010 even as its imports continued to remain higher than its exports for the whole of the April-November period of fiscal 2010-11.
Source : domain-b.com
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