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comment please
Posted Date: 04 Dec 2007 Resource Type: Articles/Knowledge Sharing Category: General
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Posted By: vijay Member Level: Gold
Rating:  Points: 3
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Despite rupee appreciation vis-a-vis the dollar, India’s exports registered a healthy 35.65 per cent growth in October this year, valued at $13.3 billion, against $9.8 billion in the year-ago period.
In rupee terms, shipments touched Rs. 52,560.85 crore, 17.9 per cent higher than the that in October 2006.
Imports rose by 24.3 per cent during the month under review to $20.79 billion, leaving a deficit of over $7 billion as against $6.92 billion in the year-ago period, according to latest foreign trade data released by the Union Ministry of Commerce and Industry on Monday.
Exports during April-October rose by 20.9 per cent in dollar terms and seven per cent in rupee terms to $85.58 billion (Rs. 3,47,793.90 crore), while imports were up 25.3 per cent in dollar terms and 11 per cent in rupee terms at $129.99 billion (Rs. 5,28,546.44 crore).
However, textile exports fell by 22 per cent, handicrafts by 66 per cent, leather by nine per cent and marine products almost by 20 per cent.
Oil imports during April-October were valued at $37.52 billion which was 9.25 per cent higher than that of $34.34 billion in the corresponding period last year. Non-oil imports were valued at $92.46 billion, up 33.3 per cent from the year-ago period. The trade deficit for April-October 2007 was estimated at $44.4 billion against $32.94 billion during the corresponding period in 2006.
Commerce Secretary, G. K. Pillai, said despite the growth in exports, it would still be difficult to meet the $160 billion export target. “If this trend continues, we may achieve exports of $140-145 billion against the target of $160 billion,” he told reporters at the ongoing India Economic Summit.
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Responses
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| Author: varatharajan 04 Dec 2007 | Member Level: Silver Points : 2 | it is nice but we need some puzzle from you, because your puzzles are amazing my dear friend vijay
Regards,
P.Varatharajan
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