Exports grew 11.58 p.c. last year

By Our Special Correspondent

NEW DELHI, MAY 1. India's exports grew 11.58 per cent during 1999-2000, notching up a total of $37.53 billions against $33.6 billions earned during the preceding year. In the earlier year, there was a four per cent decline in exports.

Imports during the year are estimated to be around $46.15 billions, which is 10.19 per cent higher than the level of $41.88 billions recorded during 1998-99.

In this, oil imports last year are valued at $9.65 billions, which is 64.26 per cent higher than the oil bill of $5.87 billions in the previous year.

Non-oil imports are only marginally higher (1.36 per cent) at $ 36.49 billions against $36 billions in 1998-99.

The trade deficit for 1999-2000 was placed at $8.61 billions which is marginally higher than $8.24 billions recorded in 1998- 99.

Data for March, which were officially put out today, show that exports in that month were valued at $3.72 billions, about 9.58 per cent higher than $3.39 billions recorded in March 1999. Imports during March were valued at $4.13 billions, reflecting a growth of 15.72 per cent over the imports of $3.57 billions in March 1999.

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Section  : Business
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