INDIA: Export Grows 81% in July at US $ 29.3 Billion: Commerce Secretary

India's exports have registered a growth of 81.8% during July 2011, at US $ 29.3 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-July 2011, exports have reached a level of US $ 108.3 billion, a growth of 54% while the imports were US $ 151 billion with a growth of 40% and a trade deficit of US $ 42.7 billion, during the same period. During the interaction, Shri Khullar also informed that India's imports in July 2011 were US $ 40.4 billion registering the growth of 51.5%. Balance of trade for the month of July 2011 stood at 11.1 billion US dollar.

During April-July 2011, the following sectors have done well viz., engineering, (US $ 31.6 billion); Gems & Jewellery, (12.8 billion US $); petroleum & oil products, 60% (US $ 18.6 billion); manmade yarn & made-ups, 38% (US $ 1.73 billion); electronics, 84% (US $ 3.72 billion); Readymade garments, 40% ( US $ 5 billion) and leather registered a growth of 29%. 

Shri Khullar also stated that exports of iron ore, fruits & vegetables and tobacco are not doing well. 

As regards to imports during April-July 2011, the growth estimates on the following sectors are: POL, 23% (US $ 42 billion); pearls & precious stones, (US $ 11.16 billion); gold & silver, 180% (US $ 21.5 billion); machinery, 45% (US $ 12 billion), electronics, 75% (US & 10.3 billion), Organic and inorganic chemicals. Shri Khullar later informed that imports of fertilizers have started picking up. The Commerce Secretary clarified that the figures are only the rough estimates and the final figure is subject to change. 


Send your News/Releases for publication to [email protected]
Added: August 12, 2011 Source: Agencies
Start script - 1527205030.6243 Start news id check - 1527205030.6244 After news id check - 1527205030.6247 After cookie_code - 1527205032.59 Before news detail - 1527205032.59 After news detail - 1527205032.5907 Start cat select - 1527205032.5908 After cat select - 1527205032.591 before preg replace - 1527205032.591 After preg replace - 1527205032.591 Before tag engine - 1527205032.5911 After tag engine - 1527205032.6016 Before mptt engine - 1527205032.6016 After mptt engine - 1527205032.6016 Before related engine - 1527205032.6016 After related engine - 1527205032.6072 Before update hits - 1527205032.6073 After update hits - 1527205032.6074 After update news_hits - 1527205032.6099 After mem_only_views - 1527205032.6099 -------------------------------------------------- Total Exec time:- 1.9855999946594
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 24-05-2018