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Exports jump by 57% to $25.9 bn in May

Discussion in 'World Economy' started by Varad, Jun 10, 2011.

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  1. Varad

    Varad Lieutenant FULL MEMBER

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    :tup:Exports jump by 57% to $25.9 bn in May

    India's exports grew by an impressive 56.9 per cent to USD 25.9 billion year-on-year in May on account of increasing demand from the Western markets.

    Imports, too, went up by 54.1 per cent to USD 40.9 billion, leaving a trade deficit of USD 15 billion. "This is the highest imports figure in the last four years," Commerce Secretary Rahul Khullar said.

    During April-May, exports increased by 45.3 per cent to USD 49.8 billion. "Good run of exports are continue," Khullar added.

    Imports during the first two months of the current fiscal grew by 33.3 per cent to USD 73.7 billion. The trade deficit during the period stood at USD 23.9 billion.

    Exports jump by 57% to $25.9 bn in May - Indian Express
     
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  2. Hembo

    Hembo OLD MOD STAR MEMBER

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    We have to focus on our manufacturing sector to reduce the growth of imports. Growth in manufacturing sector will also augment the export growth and in turn, reduce, and possibly make our trade deficit surplus eventually. Till that time, no point in rejoicing, IMO.

    We have to reduce trade as well as our budget deficit to positive, if we are to look at long term sustainable growth.
     
  3. GUNS-N- ROSES

    GUNS-N- ROSES Major SENIOR MEMBER

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    ^^^^ agricultural sector is another are where we can improve a lot.
     
  4. aakash

    aakash 2nd Lieutant FULL MEMBER

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    Yeah but GDP fell down to 8% due to inflation. Country needs net GDP growth as well as a growth in a perticular sector.
     
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