June exports shoot up 30 percent to $17.8 Billion
Tuesday, 20 July 2010, 14:48 IST
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New Delhi: Exports remained robust with a 30.4 percent annual growth in June at $17.75 billion, but were short of the impressive May performance, amidst apprehensions of the European debt trouble casting shadow on global trade. In June 2009, exports had shrunk by about 28 percent under the impact of the global financial meltdown. "There is a problem in Europe...mood is not good out there in Europe," commerce secretary Rahul Khullar told newsmen here while releasing the June trade figures. Though on a low base for comparison, in May exports had posted an impressive 35.1 percent growth at $16.1 billion. Imports for the month increased 23 percent to $28.3 billion, Khullar said, widening the country's trade deficit to $10.55 billion. In the first quarter ended June, exports stood at $50.8 billion showing a growth of 32.
Source: PTI
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