EXPORT GROWS 22.5% IN AUGUST 2010: COMMERCE SECRETARY
Date : 15 Sep 2010
Location : New Delhi
India’s exports registered a growth of 22.5% in August, 2010, at US $ 16.64 billion. Announcing this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, stated that during April-August 2010-11, exports reached a level of US $ 85.27 billion at a growth of 28.6% while the imports were $ 141.89 billion with a growth of 33.2% and a trade deficit of $ 56.62 billion. Shri Khullar also informed that “we are on the track of achieving a target of US $ 200 billion”.
During the interaction, Shri Khullar informed that India’s imports in August were $ 29.7 billion, up by 32.6%.
The Commerce Secretary also explained that some sectors are doing well viz., cotton yarn, iron ore, gems & jewellery, plastics & linoleum, leather engineering etc.