Export grows by 27%

Export grows by 27%
ENS ECONOMIC BUREAU

NEW DELHI, MAR 1: India continued its good run in exports notching a whopping 26.93 per cent growth during the first ten months of the current fiscal at Rs 1,62,334.29 crore compared to 1,27,892.06 crore in the same period last year even as oil imports continue to surge.

Budget 2001: Full Coverage

Imports during the period April-January 2000-01 grew by 14.14 per cent at Rs 1,90,533.55 crore compared to Rs 1,66,934.57 crore in the same period in 1999-2000, an official release said today.

The good performance on the export front helped to reduce trade deficit which came down by over 25 per cent at Rs 28,199.26 crore during the ten-month period as compared to Rs 39.042.51 crore in the same period the previous year. During the month of January 2001, exports in rupee terms went up by a healthy 32.53 per cent at Rs 15,859.26 crore compared to Rs 11,966.19 crore during the same month in 1999-2000. Imports during the first months of the calender year decreased by 15.88 per cent at Rs 17,869.50 crore as against Rs 15,420.82 crore last year.

Oil imports during april-January 2000-01 were valued at13658.58 million us dollar which is 74.77 per cent higher than the oil imports valued at 7815.29 million us dolars in the corresponding period last year.

Non-oil imports however came down marginally by 8.16 percent at 28232.77 us million dollar compared to 30741.32 us million dollar last year.