Financial Daily from THE HINDU group of publications
Wednesday, Oct 02, 2002
Financial Daily from THE HINDU group of publications Wednesday, Oct 02, 2002 |
|
|
|
|
|
Industry & Economy
-
Exports & Imports Exports up 13.4% in April-August Our Bureau
NEW DELHI, Oct. 1 MAINTAINING its upward momentum noticeable in the initial months, the country's exports during the first five months of the current fiscal notched up a growth of 13.4 per cent at $19,766.26 million compared to $17,435.88 million in the comparable months of 2001. Provisional figures compiled by the Directorate General of Commercial Intelligence & Statistics (DGCI&S) showed that while exports registered a relatively robust growth cumulatively, import growth continued to inch up only moderately by 1.76 per cent at $22,468.68 million compared to $22,080.33 million in the corresponding months of 2001. As a result the trade deficit during the period under review amounted to $2,702.42 million ($4,644.45 million).
Official sources told Business Line here that traditional items such as textiles, gems and jewellery, chemical and related products and engineering goods continued to show buoyant export growth, pushing up the overall export growth. They said that prospects for gem and jewellery exports looked very bright in the festival season abroad that was to come in December. They were quite optimistic that the weak recovery that was under way from the synchronised slowdown noticeable a few months ago both in the US and Europe would help increase India's exports in the remaining months of the current fiscal. On the import front, oil imports during April-August 2002-03 totalled $6,873.03 million, which was 5.29 per cent higher than $6,527.86 million registered in the corresponding period last year. Non-oil imports were estimated at $15,595.65 million ($15,552.47 million), up by 0.28 per cent. Exports during last month were worth $3,885.61 million, which was 6.55 per cent higher than the level of $3,646.85 million during August 2001. Imports amounted to $44,627.83 million ($4372.33 million), registering an increase of 5.84 per cent.
Send this article to Friends by
E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|