Exports in August rise 28% to $5,621 million
More good news from the export front. India logged an impressive 28.1% growth in exports during August ‘04, at $5,620.5m, compared to $4,386.7m during the corresponding month a year ago. In terms of the rupee, exports were Rs 26,046.1 crore, up 29.3%.
Exports during April-August ‘04-05 were valued at $27,551.6m, which was 26.1% higher than exports of $21,852.5m during April-August ‘03-04. This is over and above the 3.2% export growth in April-August ‘03-04 over the corresponding period the year before.
In terms of the rupee, exports were Rs 1,25,199.8 crore during April-August ‘04-05, 22.8% higher than the value of exports during the corresponding period a year ago.
Thanks to a surge in imports in the last few months, the trade deficit has widened. Trade deficit for April-August ‘04-05 was estimated at $9,586.1m, which was higher than the deficit at $6,622m in the year-ago period.
Imports during August were worth $7,102m, 25.6% over imports of $5,656.4m in August ‘03. In terms of the rupee, the increase was reckoned at 26.7%. Imports during April-August ‘04-05 stood at $371,137.8m, representing an increase of 30.4% over the $28,474.4m in April-August ‘03-04.
Oil imports during the period stood at $11,734.3m, which was 54.8% higher than oil imports valued at $7,578.9m in the corresponding period last year. Non-oil imports stood at $25,403.4m, 21.6% higher than such imports valued at $20,895.6m in April-August ‘03-04.
September 18' 2004
