Exports See 23.5 Pc Growth In June Amid Weak Global Growth - Aug 04 , 2008

Though the export target for the current fiscal has been set at $200 billion, the country''s exports during the first quarter of April to June 2008 recorded $42.84 billion in the face of weakened economic activity in major markets or anaemic economic growth forecast for the global economy this year.

Provisional figures compiled by the Directorate-General of Commercial Intelligence & Statistics (DGCI&S) and released by the Department of Commerce show that the country''s exports during June 2008 at $14.66 billion were 23.5 per cent higher than the level of $11.87 billion in June 2007. In rupee terms, exports touched Rs 62,790 crore in June 2008 which were 29.7 per cent higher than the value of exports of Rs 48,400 crore in June, 2007. Cumulatively, exports during April-June 2008 at $42.84 billion (Rs 1,78,480 crore) as against $35.03 billion (Rs 1,44,358 crore) in the corresponding months of the last fiscal revealed a growth of 22.3 per cent in dollar terms and 23.6 per cent in rupee terms over the same period last year.

The country''s imports during June 2008 at $24.45 billion were 25.9 per cent higher than the level of imports valued at $19.42 billion in June 2007. In rupee terms, imports rose by 32.2 per cent.