India’s exports post 37.1 p.c. rise during 2010-11

• India's exports posted an impressive 37.1 per cent rise at $245.9 billion for the fiscal ending 2010-11. During March 2011, the growth stood at 43.9 per cent at $29.1 billion.
• Trade deficit figure has come down to $10.4.4 billion
• Engineering goods by far constituted the largest component of the exports entailing considerable domestic value addition and engineering exports crossed $60 billion registering a growth of 84.76 per cent. Petroleum products export stood in the range of $42.45 billion registering a growth of 50.58 per cent. Gems and Jewellery sector which is a considerable employer of people saw an export of $33.54 billion showing a growth of 15.34 per cent. Drugs and pharmaceuticals sectors for which India has gained a considerable global reputation saw total exports of $10.32 billion showing a growth of 15.08 per cent.
• In the readymade garments exports crossed $11.1 billion showing a growth of 4.23 per cent. Cotton yarn 34 fabrics saw an export of $5.66 billion registering a growth of 42.87 per cent. Exports of carpet, jute and leather which are the labour intensive sectors assured considerable dynamism in growth. Agricultural exports and allied sectors including tea, coffee, tobacco, spices, cashew, oil meals, fruit and vegetables and marine products crossed the $12.92 billion. Iron ore exports have actually gone down by 25 per cent at $4.5 billion.