Exports log highest growth in Asia, Oceania regions
New Delhi: The country's exports recorded highest growth rates in the Asian and the Oceania regions, followed by North America, South America and Western Europe during the period from April 2001-02 to November 2002-03, according to a study by the Associated Chambers of Commerce and Industry of India. The study observes that exports to Africa and the Commonwealth of Independ-ent States registered a decline in growth in the reporting period, while exports to the developing nations went up in comparison to the developed countries. More specifically, exports to West Asia, South-east Asia and China also rose drastically.
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Inflation skids to 6.16 per cent
New Delhi: Heavy to moderate price decline in diesel, petrol and food articles, including vegetables and fruits, pushed the inflation down marginally to 6.16 per cent for the week ended April 19, in official statistics though, in reality, the prices of essential articles had gone up due to the truckers' strike. Prices of mass consumption primary articles fell, forcing the point-to-point wholesale price index (WPI) to skid from the last week's level of 6.47 per cent. The index was mere 1.37 per cent in the year-ago period.
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