Wednesday, December 8, 2010

Export Grows 26.8% in November 2010

  • India's exports have registered a growth of 26.8% during November 2010, at US $ 18.9 billion.
  • Stating this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-November 2010, exports have reached a level of US $ 140.3 billion at a growth of 26.7% while the imports were US $ 222 billion with a growth of 24% and a trade deficit of US $ 81 billion. During the interaction, Shri Khullar informed that India's imports in November 2010 were US $ 27.8 billion, up by 11.2%. He further clarified that these figures are the quick estimates and the final figure may change.
  • During April-November 2010, the following sectors have done well viz., engineering, gems & jewellery, petroleum and its products, leather & leather products, carpet, plastics & linoleum, cotton yarn, chemicals etc. 
  • Explaining about the growth momentum in exports, during the interaction, Shri Khullar said that the target of US $ 200 billion will not only be achieved but can even touch between US $ 210 to 215 billion, during this fiscal.

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