merchandise exports grew 11.5 percent to $14.34 billion (Rs.65,920 crore) for
the third consecutive month in January, according to data released by the commerce
ministry Tuesday.
The rise for the third straight month in
January comes after 13 successive months of decline since October 2008 on
account of the global economic meltdown.
merchandise exports rose 9 percent year-on-year to $14.6 billion in December while
the value of shipments was up 18.2 percent in the month before at $13.2
billion.
"Cumulative value of exports for the
period April 2009 to January 2010 was $131.9 billion (Rs.6,292.24 billion) as
against $160.4 billion (Rs.7,157.64 billion) registering a negative growth of
17.8 percent in dollar terms," said the statement from the ministry.
Imports during January also rose to touch
$24.7 billion, an increase of 35.5 percent, compared to the like month of 2009.
However, cumulative value of imports for
the nine months of current fiscal, dipped 19.7 percent to $218.5 billion.
The value of oil imports during January
were 56 percent higher at $7.05 billion, compared to the previous corresponding
period. The same was, however, 25.3 percent lower during April-January at $63.9
billion.
Non-oil imports during the month stood at
$17.65 billion, 28.8 percent higher than the previous corresponding month,
while the same were valued at $154.5 billion for the first nine months of
current fiscal, 17.1 percent lower.
The trade deficit for the period April
2009-January, 2010 was $86.6 billion, lower than the deficit of $111.599
billion during the previous corresponding period.
IANS
