The Hindu Business Line : Exports post 21 per cent growth in January

CONTINUING the uptrend, India's exports recorded a 21.41 per cent increase in dollar terms in January 2006 to touch $8.45 billion as against $6.96 billion recorded in the same month last year. In rupee terms, exports in January 2006 recorded a 23.24 per cent growth at Rs 37,549.74 crore.

Exports had regained momentum in December 2005 (16.19 per cent growth) after suffering some decline in the previous month.

Cumulatively, exports went up by 18.88 per cent in dollar terms during April-January 2005-06 to $74.98 billion ($63.07 billion). In rupee terms, exports registered a 16.48 per cent increase.

Imports during April-January 2006 surged by 26.66 per cent to $108.80 billion ($85.90 billion). In rupee terms, imports increased by 24.14 per cent, an official release said.

Significantly, the cumulative exports for April-January 2005-06 was higher than non-oil imports for the same period.

Oil imports during April-January 2005-06 stood at $35.29 billion, which is 46.91 per cent higher than oil imports of $24.02 billion in the same period last year. Non-oil imports during April-January 2005-06 were estimated at $73.51 billion, which was 18.81 per cent higher than $61.87 billion recorded during April-January 2004-05.

Trade deficit during April-January 2005-06 stood at $33.82 billion, which was higher than the $22.82 billion recorded in the same period in the previous fiscal year.

Iimports during January 2006 stood at $11.37 billion, representing an increase of 10.69 per cent over the imports level of $10.27 billion in January 2005. In rupee terms, imports increased by 12.32 per cent.

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