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India's exports back on double-digit growth track
Monday, 03 November 2003, 20:30 IST
NEW DELHI: After a dip due to appreciating rupee against dollar, India's merchandise exports have again witnessed a double-digit growth of about 16 percent in September, the commerce ministry stated Saturday.
India's exports during September are valued at $4.98 billion, which is 15.93 percent higher than the level of $4.29 billion in the same month last year.
In rupee terms, the exports in September were valued at 
228.41 billion, which is 9.73 percent higher than exports in the corresponding month last year.
In the first half of the 2003-04 fiscal, India's exports are valued at $27.44 billion, which is 9.99 percent higher than the level of $24.95 billion during April-September, 2002-03.
In rupee terms, the exports were worth 1.28 trillion during April-September, 2003-04, which is 4.89 percent higher than the value of exports during the first half of last fiscal.
During 2002-03, India had recorded a high export growth of about 19 percent to cross a total worth of $52.2 billion.
With a double-digit growth this year, India is hopeful of garnering one percent of global trade ahead of 2005 from 0.8 percent at present.
India's overall imports during April-September were valued at $34.55 billion, representing an increase of 21.42 percent over the level of $28.46 billion in the same period last year.
In rupee terms, the imports have increased from 1.39 trillion to 1.61 trillion, showing a growth of 15.83 percent during the period under study.
In the wake of global volatility in crude oil prices, India's import bill rose to $9.21 billion, which is 6.34 percent higher than imports valued at $8.67 billion in the corresponding period last year.
The non-oil imports during April-September were estimated at $25.34 billion, which is 28.02 percent higher than the level of such imports valued at $19.79 billion in the first half of 2002-03 fiscal.
In September, India's imports were valued at $5.91 billion, representing an increase of 16.25 percent over the level of imports worth $5.08 billion during the corresponding month last year.
In rupee terms, there has been a 10.02 percent rise in the value of imports during September this year.
The trade deficit for the first half of 2003-04 fiscal is estimated at $7.11 billion, which is higher than the deficit of $3.51 billion during the corresponding period last year.
Source: IANS
228.41 billion, which is 9.73 percent higher than exports in the corresponding month last year.
In the first half of the 2003-04 fiscal, India's exports are valued at $27.44 billion, which is 9.99 percent higher than the level of $24.95 billion during April-September, 2002-03.
In rupee terms, the exports were worth 1.28 trillion during April-September, 2003-04, which is 4.89 percent higher than the value of exports during the first half of last fiscal.
During 2002-03, India had recorded a high export growth of about 19 percent to cross a total worth of $52.2 billion.
With a double-digit growth this year, India is hopeful of garnering one percent of global trade ahead of 2005 from 0.8 percent at present.
India's overall imports during April-September were valued at $34.55 billion, representing an increase of 21.42 percent over the level of $28.46 billion in the same period last year.
In rupee terms, the imports have increased from 1.39 trillion to 1.61 trillion, showing a growth of 15.83 percent during the period under study.
In the wake of global volatility in crude oil prices, India's import bill rose to $9.21 billion, which is 6.34 percent higher than imports valued at $8.67 billion in the corresponding period last year.
The non-oil imports during April-September were estimated at $25.34 billion, which is 28.02 percent higher than the level of such imports valued at $19.79 billion in the first half of 2002-03 fiscal.
In September, India's imports were valued at $5.91 billion, representing an increase of 16.25 percent over the level of imports worth $5.08 billion during the corresponding month last year.
In rupee terms, there has been a 10.02 percent rise in the value of imports during September this year.
The trade deficit for the first half of 2003-04 fiscal is estimated at $7.11 billion, which is higher than the deficit of $3.51 billion during the corresponding period last year.
Source: IANS