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The country’s exports grew by a healthy 32.5 per cent year-on-year to $20.6 billion in January 2011 on account of increasing demand in the western markets.
During April-January this fiscal, the country’s shipments went up by 29.4 per cent to $184.6 billion.
“It is a huge jump...Export performance is pretty dam good...By February, we should cross $200 billion,” the Commerce Secretary, Mr Rahul Khullar, told reporters here today.
Imports in January 2011 are estimated to increase by 13.1 per cent to $28.6 billion over the same period last year, leaving a trade deficit of $8 billion, Mr Khullar said.
During April-January 2010-11, imports rose 17.6 per cent to $273.6 billion. “The import numbers will be revised,” he said.
During the first 10 months of the financial year, the trade deficit stood at $89 billion.
Sectors that registered healthy growth during April-January 2010-11 include gems and jewellery, engineering and petroleum and oil lubricants, he added.
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