Exports jump 36 % in December

• India’s export went up by 36.4 per cent in December 2010, highest in the last 33 months, to $ 22.5 billion due to diversification of the overseas markets such as Latin America and price competitiveness.
• However, imports contracted by 11.1 per cent, lowest in the last 14 months to $ 25.1 billion, narrowing the trade deficit in December 2010 to $ 2.6 billion
• During April-December 2010-11 the country’s merchandise export grew by 29.5 per cent to $ 164.7 billion. Imports too rose by 19 per cent to $ 247.1 billion.
• Trade deficit in April-December 2010-11 stood at $ 82.4 billion.