Matrimonial |  Properties |  Jobs |  Classifieds |  Ask Doctor |  Live TV |  Sponsored Greetings |  Astrology  |   Red Chillies |  Automobile |  Music |  Tribute

      Search in

Monday, April 02, 2012 1:52:24 PM (IST)  

India's Exports Growth Diminishes

New Delhi, Apr 2 (IANS): India's exports grew by 4.28 percent to $24.62 billion in February, the slowest pace in three months and substantially down from the last 11 months average of 21.42 percent due to sluggish demands in the US and European markets, official data showed Monday.

Imports surged by 20.65 percent to $39.78 billion in February, leaving a monthly trade deficit of $15.16 billion.

Cumulative value of exports during April-February 2011-12 was $267.41 billion, 21.42 percent higher than the $220.24 billion exports registered during the corresponding period of previous fiscal.

Considering the trend, total exports in fiscal 2011-13 is likely fall short of the official target of $300 billion.

Imports jumped by 29.41 percent to $434.16 billion in the first 11 months of 2011-12, according to data released by the commerce and industry minitry.

Slowdown in exports growth and persistently high imports growth has widened the trade gap.

Trade deficit rose to $166.75 billion in April-February period of 2011-12 as compared to $115.26 billion during the corresponding period last fiscal.

Trade deficit has already crossed the official target of $150 billion.

Oil imports surged by 39.45 percent to $12.66 billion. Cumulative value of oil imports during April-February was $132.56 billion, 41 percent higher than the $94 billion in the corresponding period of 2010-11.

On the other hand, non-oil imports in February grew by 13.5 percent to $271.21 billion.

Non-oil imports in April-February 2011-12 were valued at $301.59 billion, 24.89 percent more than such imports valued at $241.49 billion in the previous year.

Stay updated wherever you go with and Daijiworld 24X7 tv channel mobile apps.
CLICK HERE to download it for your device.
(available on Android and IOS)

Print this Article
Email this article to your friend
Write your Comments
News Title India's Exports Growth Diminishes
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
[Please limit your comments within 2000 characters]

You have characters left.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.
Security Validation
Enter the characters in the image above
Published by Daijiworld Media Pvt Ltd Mangalore
Editor-in-chief : Walter Nandalike

Corporate Office :
Daijiworld Residency,
Airport Road, Bondel Post,
Mangalore - 575 008
Karnataka India
Telephone : +91-824-2982023
City Office :
First Floor,
Divya Deepa Arcade,
Bendorewell, Kankanady,
Mangalore - 575 002
Karnataka India
Telephone : +91-824-4259372
e-mail   General enquiry:, News & Info :

Disclaimer | Privacy Policy | About Us
Copyright 2001 - 2016. All rights reserved.
Our Franchise Offices
Kishoo Enterprises,
3rd Floor, Mandavi Trade Centre,
Kadiyali, Udupi 576 102
Telephone : 0091-820-4295571
e-mail :
Daijiworld Middle East FZE
P.O.Box: 84772, Dubai, UAE
Tel: 971-50-6597629  Fax: 971-4-2639207
There has been a database error. Technical Support has already been notified. You will be informed when this issue is resolved. Thank you for your patience!