Economy

Exports up by 36.4% in Dec to $22.5 b

PTI New Delhi | Updated on February 16, 2011 Published on February 01, 2011

The country’s merchandise exports in December 2009 stood at $16.4 billion.-- K.K. Mustafah   -  Business Line

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The country’s exports went up by 36.4 per cent year-on-year, highest in the last 33—months to $22.5 billion in December 2010.

The country’s merchandise exports in December 2009 stood at $16.4 billion.

However, imports contracted by 11.1 per cent to $25.13 billion over the same period last year, resulting in a narrow trade deficit of $2.6 billion, according to the Commerce Ministry data which released here on Tuesday.

During the April-December period of the current fiscal, the country’s outbound shipment grew by 29.5 per cent to $164.7 billion from $127.1 billion in the same period last year, the data said.

Imports too increased by 19 per cent to $246.7 billion during the first nine-months of the current fiscal from $207.3 billion in the same period last year. The trade gap during the period stood at $82 billion.

The Commerce Secretary, Mr Rahul Khullar, had said that the country’s export would touch $215-225 billion during the current fiscal.

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Published on February 01, 2011
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