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Our Bureau

New Delhi , Nov. 23

THE country's trade with SAARC nations has grown by 75 per cent in rupee terms during 2003-04 compared to the previous fiscal, according to a PHD Chamber of Commerce and Industry (PHDCCI) study.

"It is a good turning point for India to consolidate the trade with SAARC countries and to take it to a higher orbit of growth. Care also has to be taken to encourage the other SAARC countries to increase their exports to India since some of the countries are very keen to enhance their market access to the expanding Indian market," the PHDCCI President, Mr Ravi Wig, said in a statement here.

Also, India's trade with Pakistan has grown by over 30 per cent in 2003-04 compared to the previous financial year. India's exports to Pakistan showed a 32 per cent jump, while imports into India increased by 22 per cent in 2003-04.

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