India’s exports growth falls to 3.87 percent in November
January 2nd, 2012 - 6:52 pm ICT by IANS ( Leave a comment )New Delhi, Jan 2 (IANS) Amid weakening global demand, India’s export growth fell to 3.87 percent in November against an average 33.21 percent in the first eight months of 2011-12 fiscal, widening the trade deficit to $13.6 billion, official data showed Monday.
Exports in the month of November were recorded at $22.32 billion, which is 3.87 percent more than the $21.49 billion worth of exports during the corresponding month of the previous year.
But imports jumped by 24.55 percent to $35.92 billion, resulting in the monthly trade deficit of $13.6 billion, according to data released by the ministry of commerce and industry.
The cumulative value of exports in April-November 2011 was $192.7 billion, 33.21 percent higher than $144.66 billion exports registered during the corresponding period of last year.
In the April-November period, imports grew by 30.24 percent to $309.53 billion, resulting in trade deficit of $116.83 billion, compared with $93.0 billion a year earlier.
Petroleum and oil products and engineering goods led the exports growth.
During April-November period, exports of petroleum and oil products surged by 62.3 percent to $39.5 billion and exports of engineering goods jumped by 22.3 percent to $40.7 billion.
Imports of petroleum, oil and lubricants rose by 42.7 percent at $94.1 billion during April-November period.
The government is targetting around 20 percent increase of export growth for the current fiscal ending March 31, 2012.
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- India's exports rose 33.2 percent in Apr-Nov - Dec 09, 2011
- India's exports rise 26.5 percent in November - Jan 03, 2011
- India's exports rise 6.7 percent in December - Jan 16, 2012
- India's exports rise 44 percent in August; deficit widens to $14 bn - Oct 03, 2011
- India's cumulative export growth in April- Dec stands at 29.5 per cent - Feb 25, 2011
- Exports up 44.2 percent in August; deficit widens to $14.1 bn - Sep 09, 2011
- India's exports up 10.1 percent to $25.4 bn in January - Feb 09, 2012
- Core industries growth rebounds to 6.8 percent - Dec 26, 2011
- Exports held out despite slowdown but outlook cloudy (2011 in Retrospect) - Dec 25, 2011
- 29.5 percent cumulative export growth in India between April-Dec 2010-11 (Part I) - Feb 25, 2011
- Export growth slows to 10.8 percent in October; deficit widens - Nov 08, 2011
- India's export growth slows in October - Dec 01, 2011
- India's exports jump to all-time monthly high of $26 bn - Jun 10, 2011
- April exports up 34 percent, trade deficit at $8.9 bn - Jun 01, 2011
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