With a slackening of India''s export growth, its India''s
trade deficit widened to $5.68 billion in December 2006
from $2.69 billion in December 2005.
The
deficit stood at $6.20 billion in November, $6.21 billion
in October and $5.33 billion in September.
According
to the government the trade gap widened to $41.72 billion
in the first nine months of the fiscal year commencing
April 2006, from $31.76 billion in the same period last
year.
Exports
in December rose 7.75 per cent from a year earlier to
$9.90 billion, while imports rose an annual 31.12 per
cent to $15.58 billion according to provisional data.
Analysts
said the trade deficit was not yet a concern but the
slowing down of export growth would be looked at carefully.
Exports
in the April-December period were $89.49 billion, up
from $73.36 billion in the same period last year.The
full-year''s export target is $126 billion, a rise of
22.3 per cent over the previous year.
Imports
in the first nine months of the year were $131.21 billion
an increase of 24.8 per cent from $105.11 billion last
year. Non-oil importswere up 31.81 per cent in December
to $10.76 billion while in the April-December period
they rose 18.67 per cent to $87.40 billion.
Oil
imports in December rose 29.58 per cent from the previous
year''s $4.82 billion, while in the April-December period,
they grew an annual 39.23 per cent to $43.82 billion.
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