New
Delhi: An upbeat commerce minister Kamal Nath has
announced in a statement that India''s exports have grown
41.2 per cent in September, to $10.3 billon, the second
successive month that they have done so in 2006-07. For
the same period last year, exports had shown a rise of
$7.29 billion dollars.
As
per provisional data released by the government today,
cumulative exports in the period April-September 2006-07
rose 37 per cent to $59.32 billion as against $43.22 billion
in the corresponding period last fiscal.
Imports,
for the country, however rose at a faster rate of 49 per
cent to $15.63 billion in September. The comparable figures
for September 2005 was $10.48 billion.
The
overall trade deficit for the country widened by 21 per
cent to $24.6 per billion for the first six months of
the fiscal, as compared to $20.326 billion for the comparable
period of 2005-06. Total imports in the current fiscal
have increased 32.06 per cent, at $83.92 billion, as against
$63.55 billion in April-September 2005-06.
Nath
said that the sustained double-digit growth showed India''s
exports
were on a high growth trajectory and that the country
would definitely meet the enhanced export target of $125
billion for 2006-07.
All
figures from the year ago period are revised, while the
current data is provisional and liable to be revised.
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