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Monday, June 02, 2008

India Exports April 2008

India's export growth accelerated in April as companies shipped more gems, jewelry, oil and other manufactured products to overseas markets. Shipments were up 31.5 percent to $14.4 billion from a year earlier, faster than March's 26.6 percent gain, the government said in a statement in New Delhi today. Imports in April rose 36.6 percent to $24.3 billion, widening the trade deficit to an all-time high of $9.87 billion.

Overseas sales have risen as companies boost shipments to Europe, Japan and other developing Asian nations to counter slowing demand from the U.S., India's biggest export market.

Exports to the U.S. rose 9.3 percent in the nine months to Dec. 31, slower than the 10.6 percent gain in the same period a year earlier, according to the latest breakdown of overseas sales released by the central bank. India gives a more detailed analysis of exports five months after releasing initial data.

Shipments to Europe rose 25.5 percent in the nine-month period, up from 16.2 percent a year earlier, the central bank said. Exports to Germany gained 29.3 percent and sales to the Netherlands were up 91 percent.

1 comment:

sudeep bhaumick said...

exactly what are we exporting and exactly where are we exporting ? can someone give some detailed figures please ?