Business
Marginal rise in exports in Apr.-Nov.
By Our Special Correspondent
NEW DELHI, JAN. 1. Exports continued to reflect the impact of the global recession with a meagre rise of 0.5 per cent during April to November 2001. Imports are rising at slightly faster pace with growth estimated at 1.19 per cent, reflecting an increase in non-oil imports over this period.
According to the latest trade data released by the Commerce Ministry today, exports in November are estimated at $3.7 billion, 3.29 per cent higher than the $3.6 billion in the same month in 2000.
Imports during April-November are valued at $34.7 billion as against $34.3 billion over the same period in the previous year. Oil imports fell by 13.18 per cent while non-oil imports rose by 8.3 per cent.
Imports in November are estimated at $4.1 billion, which is 10.97 per cent lower than the level of $4.6 billion in the same month in 2000.
Total exports in the first eight months of the current fiscal are estimated at $28.8 billion as against $28.7 billion in the previous year. The trade deficit is also marginally higher at $5.8 billion as against $5.6 billion last year.
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