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India's exports dip in January
Monday, 03 March 2003, 20:30 IST
NEW DELHI: After peaking at 34.30 percent growth in December with exports worth $4.36 billion, India's overseas trade slumped to a low 9.19 percent rise in January 2003 touching $4.64 billion.
Exports during January 2002 were valued at $4.25 billion.
In rupee terms, exports during the first month of the calendar year were worth 
222.59 billion, which is 8.30 percent higher than the value of exports during January 2002, according to trade data released Saturday by the commerce ministry.
Reversing the negative growth of the last fiscal, India's exports have been showing impressive gains and were valued at $42.16 billion during April-January 2002-03, a growth of 17.38 percent over $35.92 billion during the same period in 2001-2002 fiscal.
In rupee terms, exports were 2.05 trillion during the ten-month period, which is 19.89 percent higher than during April-January, 2001-02.
India's imports during April-January were valued at $49.34 billion, an increase of 15.94 percent over $42.55 billion in the corresponding period last fiscal. In rupee terms, the imports increased by 18.49 percent during April-January.
Rising global prices saw Indian's oil import bill increasing to $14.35 billion, 22.02 percent higher than $11.76 billion in the corresponding period of last year.
Non-oil imports during April-January were estimated at $34.98 billion, 13.62 percent higher than $30.79 billion worth during in April-January 2001-2002.
Imports during January were valued at $5,280.46 million, an increase of 24.45 percent over the $4,242.88 million recorded in January, 2002. In rupee terms, imports increased 23.44 percent during January.
India's trade deficit for April-January is estimated to be $7.17 billion, which is higher than the deficit at $6.63 billion during the correspondent period last year.
Source: IANS
222.59 billion, which is 8.30 percent higher than the value of exports during January 2002, according to trade data released Saturday by the commerce ministry.
Reversing the negative growth of the last fiscal, India's exports have been showing impressive gains and were valued at $42.16 billion during April-January 2002-03, a growth of 17.38 percent over $35.92 billion during the same period in 2001-2002 fiscal.
In rupee terms, exports were 2.05 trillion during the ten-month period, which is 19.89 percent higher than during April-January, 2001-02.
India's imports during April-January were valued at $49.34 billion, an increase of 15.94 percent over $42.55 billion in the corresponding period last fiscal. In rupee terms, the imports increased by 18.49 percent during April-January.
Rising global prices saw Indian's oil import bill increasing to $14.35 billion, 22.02 percent higher than $11.76 billion in the corresponding period of last year.
Non-oil imports during April-January were estimated at $34.98 billion, 13.62 percent higher than $30.79 billion worth during in April-January 2001-2002.
Imports during January were valued at $5,280.46 million, an increase of 24.45 percent over the $4,242.88 million recorded in January, 2002. In rupee terms, imports increased 23.44 percent during January.
India's trade deficit for April-January is estimated to be $7.17 billion, which is higher than the deficit at $6.63 billion during the correspondent period last year.
Source: IANS