EXPORT GROWS 10.8% IN OCTOBER AT US $ 19.9 BILLION: COMMERCE SECRETARY
Date : 08 Nov 2011
Location : New Delhi
India’s exports have registered a growth of 10.8% during October 2011, at US $ 19.9 billion. Imports in October 2011 stood at 39.5 Billion US$ registering a growth of 21.7%. Balance of Trade for the period was (-) 19.6 Billion US$. Cumulative Export figures for the period of April to October 2011 stood at 179.8 Billion US$ registering a growth of 46%. Imports for the same period stood at 273.5 Billion US$ registering a growth of 31%. Balance of trade for the period stood at (-) 93.7 Billion US$.
During April-October 2011, the following sectors have done well viz., engineering, (US $ 51.4 billion) which registered the growth of 89.6 % over the last year.; petroleum & oil products, 51% (US $ 31.9 billion); Cotton 22% (US $ 3.99 billion) ; electronics, 50% (US $ 6.4 billion); Readymade garments, 31% ( US $ 7.7 billion).
As regards to imports during April-October 2011, the growth estimates on the following sectors are: POL, 41% (US $ 81.9 billion); Gold and silver 64% (US $ 38.3 billion),; machinery, 27.8% (US $ 20 billion), electronics, 22% (US & 19.7 billion).
Dr Khullar informed that these figures are provisional and are likely to change.