Friday, April 10, 2009

India’s Imports Fell 32 Per Cent In March - April 10, 2009

The directorate general of foreign trade provided the quick estimates for the imports of India, which are falling at a faster pace than the exports. The quick estimates for March 2009 as per the directorate general of foreign trade (DGFT), show a fall of 32% to $16.05 billion compared to imports valued $23.57 billion in March 2008. However, the imports fell 16% in January 2009 and 23% the preceding month.

However, as import figure for the fiscal will be $288 billion, a growth of 14.5% over the last year’s $251 billion. However, the exports recorded an even lower growth of 4% at $169 billion.

However, the government will officially announce the revised trade figures for March 2009 either at the end of the month or early next month.

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