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Exports up 22 p.c. at $124 b

NEW DELHI: India’s exports registered an impressive 20 per cent growth in January this year to touch $13.14 billion compared to $10.9 billion recorded in January, 2007.

In rupee terms, exports touched Rs. 51,739.82 crore, which is 7 per cent higher than the value of exports achieved during the same period last year.

The cumulative value of exports for April-January, 2008 stood at $124.19 billion as against $102.11 billion , registering a growth of 21.62 per cent. India’s imports in January were valued at $22.5 billion against $13.75 billion in the same month in 2007, an increase of 63.6 per cent.

In rupee terms, imports increased by 45.28 per cent.

The cumulative value of imports for April-January, 2008, was $191.6 billion as against $147.81 billion, a growth of 29.63 per cent.

The trade deficit for the ten month period was estimated at $67.41 billion which was higher than the deficit at $45.7 billion during the same period in the previous year.

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