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India's exports grow 22.5 % in August: Commerce Secretary
New Delhi, September 15, 2010
India's export growth, which had slowed down to 13.2 per cent in July, bounced back to 22.5 per cent in August this year, Commerce Secretary Rahul Khullar said here today.
Mr Khullar told mediapersons that the country's exports had touched $ 16.64 billion in August.
He said that exports had reached $ 85.27 billion during April-August 2010-11, a growth of 28.6 per cent over the same period of the previous fiscal year.
Mr Khullar said imports during this period were valued at $ 141.89 billion, with a growth of 33.2 per cent and a trade deficit of $ 56.62 billion.
He said India's imports in August amounted to $ 29.7 billion, an increase of 32.6 per cent over the same month of last year.
According to him, the sectors which were doing well in exports were cotton yarn, iron ore, gems & jewellery, plastics & linoleum, and leather engineering.
This is the tenth consecutive month that the country's exports have maintained an upward trend.