Indian exports rise 15 per cent to $14.6 billion in December: Sharma
11 Jan 2010
Exports from the country rose 15 per cent to $14.6 billion (Rs73,000 crore) in December 2009, compared to exports of 12.7 billion (Rs61,715 crore) in the same month of the previous year.
December 2009 exports also stood higher compared with exports of $13.2 billion (Rs66,000 crore) in the previous month (November 2009), union minister for commerce and industry Anand Sharma said today.
India's exports rose 18.2 per cent in November 2009 to $13.2 billion (Rs66,000 crore) - the first rise after 13 straight months of decline.
The minister did not reveal the value of imports into the country during December 2009.
He merely said, "We have just got the December figures, they are positive, again there is growth."
Speaking at a meeting of bankers, Sharma, however, warned against complacency. "It is against a low base. We have to look at the broader scenario," he said.
The government, he said, proposes to spend $150,000 crore on infrastructure over the next 10 years to boost the economy.
The official trade data for December 2009 is expected to be released on 1 February.
The commerce ministry is expected to unveil stimulus packages for select export sectors affected by the global economic downturn.
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