New Delhi, Oct. 12
INDIA'S merchandise trade with China jumped by nearly 40 per cent in the first three months of the current fiscal to touch $3.21 billion against the $2.30 billion recorded in the same period last year.
According to the data compiled by the Department of Commerce, India's exports to China increased by 44.58 per cent during April-June 2005 to touch $1.20 billion ($0.83 billion). On the other hand, imports from China surged by 36.73 per cent during April-June 2005 to $2.01 billion ($1.47 billion). The bilateral trade during 2004-05 stood at $13.6 billion.
Trade with Singapore too saw a robust increase, with two-way movement of goods growing by 70.15 per cent in April-June 2005 to worth $2.28 billion ($1.34 billion). While India's exports to Singapore surged to $1.58 billion ($0.81 billion) for the period under review, imports from Singapore in April-June 2005 stood at $0.70 billion ($0.53 billion).
India's exports to the US increased by 8.25 per cent in the first quarter of the current fiscal to $3.28 billion ($3.03 billion). Imports from the US in April-June 2005 rose to $1.62 billion ($1.26 billion).
The other countries to which there was a substantial jump in exports during the first quarter of the current fiscal included the UK (45 per cent increase to $1.06 billion), France (31 per cent; $0.61 billion) and Hong Kong (30 per cent; $1.04 billion).