India's exports rise over 36 per cent in April; imports jump 43.3 per cent

India's exports rise over 36 per cent in April; imports jump 43.3 per cent

India exported goods and services worth a total $16.89 billion (Rs75,147 crore) during April 2010, posting a 36.2 per cent rise from the level of exports during the same month last year in dollar terms and an increase of 21.1 per cent in rupee terms from the level of $12.397 billion (Rs62,064 crore) during April 2009. 

Imports during April 2010, the first month of the current financial year, were valued at $27.31 billion (Rs1,21,517 crore), representing a growth of 43.3 per cent in dollar terms and 27.4 per cent in rupee terms over the level of imports valued at $19.05 billion (Rs95,377 crore) in April 2009.

Oil imports during April 2010 were valued at $8.08 billion, which was 70.5 per cent higher than oil imports valued at $4.74 billion in the corresponding period last year. Non-oil imports during April 2010 were estimated at $19.23 billion, which was 34.3 per cent higher than non-oil imports of $14.12 billion in April 2009.

Trade deficit of the country during April 2011 was estimated at $10.42 billion, which was higher than the deficit of $6.65 billion during April 2009-April 2010.

The figures, however, are on a low base and analysts expect India's trade deficit to worsen if the euro zone debt crisis worsens and saps demand.

Exports from the country declined 4.7 per cent in fiscal 2009-10 amidst the global slowdown. India is targeting close to 15 per cent growth in exports in the current fiscal. (See: India's economy grew at 8.6 per cent in Q4 2009-10)