Published on Tue, Jun 01, 2010 at 11:05 | Source : Reuters
Updated at Tue, Jun 01, 2010 at 11:11
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April exports rise 36% yoy
India's exports rose an annual 36% in April to USD 16.9 billion, the sixth consecutive rise after 13 straight months of decline, the government said in a statement on Tuesday.
India's exports rose an annual 36% in April to USD 16.9 billion, the sixth consecutive rise after 13 straight months of decline, the government said in a statement on Tuesday.
Imports rose 43% from a year earlier to USD 27.3 billion.
After recovering from the worst of the global economic downturn, Indian exports have shown strong growth in the past half year in line with a World Trade Organisation forecast of a rebound in trade in 2010.
But the figures are flattered by a low base effect and could take a knock if the euro zone debt crisis worsens and saps demand, a senior Indian trade official has said.
India's exports dropped 4.7% in the fiscal year 2009-10 as the global slowdown dampened demand. Asia's third-largest economy is targeting close to 15% export growth this year.
The trade deficit stood at USD 10.4 billion in April.
