April exports up 34 percent, trade deficit at $8.9 bn
June 1st, 2011 - 4:09 pm ICT by IANSNew Delhi, June 1 (IANS) India’s exports rose 34.4 percent in April to $23.9 billion, while the trade deficit narrowed to $8.9 billion compared to the like period in 2010, according to official data released Wednesday.
Imports in April were valued at $32.8 billion, increasing 14.13 percent when compared to the like month of last year, said a statement from the commerce and industry ministry.
Oil imports during the month were 7.7 percent higher at $10.18 billion, compared to
$9.45 billion in the corresponding period last year. Non-oil imports went up by 17.3 percent to $22.6 billion.
During the month, engineering exports grew a whopping 109 percent, electronic goods by 48 percent, gems and jewellery by 39 percent and petroleum and its products, plastics and linoleum by 30 percent.
Imports of pearls and precious stones went up by 19 percent and gold imports rose by 60 percent.
India’s exports had grown 37.5 percent to $245.9 billion in 2010-11, while its trade deficit fell to $104.8 billion.
The government is targeting increasing exports in the current fiscal by at least 25 percent and to $450 billion by 2013-14.
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- India's exports up 46 percent in June - Aug 01, 2011
- India's May exports rise 56.93 percent - Jul 01, 2011
- India's exports slump 14.8 percent in July - Sep 03, 2012
- India's exports rise 26.5 percent in November - Jan 03, 2011
- India's merchandise exports rise 21.36 percent in October - Dec 01, 2010
- India's exports jump to all-time monthly high of $26 bn - Jun 10, 2011
- India's exports surge 82 percent in July - Sep 01, 2011
- India's September exports grow 36 percent to $24.82 bn - Nov 01, 2011
- India's export growth slows in October - Dec 01, 2011
- India's exports growth diminishes - Apr 02, 2012
- India's exports rise 44 percent in August; deficit widens to $14 bn - Oct 03, 2011
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- India's July exports dip 14 percent - Aug 14, 2012
Tags: electronic goods, gems, gold imports, India, industry ministry, jewellery, linoleum, New Delhi, oil imports, pearls, petroleum, plastics, precious stones, trade deficit