Mumbai:
Exports from the country increased by a record 40.17 per
cent in June 2006 to $9.9 billion, against $7.1 billion
in the corresponding period last year, as per provisional
government data released on Friday. Imports during the
month were up 23.98 per cent at $13.76 billion. Trade
deficit for the month was lower at $3.8 billion as against
$3.99 billion during the corresponding period last year.
For the first quarter of the current financial year, exports
were up 32.40 per cent at $ 27.6 billion, while imports
rose 24.48 per cent to $40.28 billion.
Trade deficit for April-June 2006 also rose to $12.6 billion,
from $11.45 billion during the same period last year.
In rupee terms, exports during June 2006 were higher at
Rs45,905 crore as against Rs30,992 crore in June 2005.
April-June exports were 38.18 per cent higher at Rs1,25,915
crore compared to the corresponding period last year.
Imports in June 2006 were up 31 per cent, at Rs63,391
crore, and rose 30 per cent to Rs1,83,223 crore for the
period April-June 2006.
The spectacular show by engineering goods, electronic
and software products and minerals contributed much to
the robust growth in exports during the first quarter
of this fiscal
"At this rate, I am confident that India''s merchandise
exports will hit $126 billion this year, representing
a doubling of exports within just three years - something
unprecedented anywhere else," said commerce minister
Kamal Nath.
Oil imports during June 2006 were up 56 per cent, at $4,817.6
million, from the corresponding period last year and rose
39 per cent overall, to $13.12 billion, during the period
April-June 2006.
Non-oil imports during June 2006 was up 10 per cent at
$8.94
billion while during April-June it was 27.15 per cent
higher at $27.15 billion compared to the corresponding
periods of the previous year.
|