Export Growth 9.49 percent in October
Merchandise export from India has reached US Dollar 40 billion in the first seven months of current fiscal year. However, export growth has been only 9.49 percent in October - as against annual target of 16 per cent.
After growing at over 20% during first seven months of this fiscal year - exports has fared poorly during October - as per official trade data released today.
Releasing the data, Commerce and Industry Minister Kamal Nath said there was an across-the-board increase in exports to all major trade destinations. Country's imports in April-October, 2004-05 grew by 31.97 per cent to US Dollar 54.732 billion as against US Dollar 41.472 billion in the corresponding period previous fiscal.
Oil imports were 55.98 per cent higher in April-October, 2004 at US Dollar 17.170 billion. Trade deficit for April-October, 2004-05 is estimated at US Dollar 14.441 billion higher than the deficit of US Dollar 8.908 billion in the same period previous fiscal. (Source: PTI)
November 17' 2004
