India's FY'11 exports rise 37.5 per cent to nearly $246 billion

Overall exports from the country rose to $245.868 billion (Rs1,118,822.85 crore) during the 2010-11 financial year (1 April 2010- 31 March 2011), up 37.5 per cent in dollar terms and a 32.3 per cent rise in rupee terms against exports valued at $178.751 billion (Rs845,533.62 crore) in the previous financial year (2009-10).

Cumulative imports during the 2010-11 financial year stood at $350.695 billion (Rs1,596,869.37 crore), against $288,373 billion (Rs1,363,735.55 crore) - a 21.6 per cent growth in dollar terms and a 17.1 per cent rise in rupee terms over the previous year.

India's trade deficit during the financial year is estimated at $104.827 billion, marginally lower than the deficit of $109.621 billion recorded during the previous financial year (2009-10).

Exports from the country during March 2011, the final month of the 2010-11 fiscal, stood at $29.135 billion (Rs131,081.97 crore), up 43.8 per cent in dollar terms and 42.2 per cent higher in rupee terms compared with the level of $20.254 billion (Rs92,149.26 crore) during March 2010.

Imports during March 2011 were valued at $34.743 billion (Rs156,314 crore), up 17.2 per cent in dollar terms and a 15.9 per cent rise in rupee terms over imports valued at $29.627 billion (Rs134,791.91 crore) during March 2010.

Imports of crude oil, the biggest component of the country's import basket, rose 16.7 per cent $101.689 billion during April-March 2010-11, from $87.136 billion in the previous year.

Non-oil imports during the 2010-11 financial year rose 23.7 per cent to $249.006 billion from $201.237 billion in the previous financial year (2009-10).

Oil imports during March 2011 were up 8.2 per cent at $9.439 billion compared with oil imports worth $8.722 billion in March last year.  
 
Non-oil imports during March 2011 were estimated at $25.305 billion - a 21 per cent rise from such imports worth $20.905 billion In March 2010.