New Delhi: The country''s exports have suffered a serious jolt with a sharp fall by 22 per cent at $11.9 billion in February 2009 as compared to $15.2 billion in the corresponding month last year. With imports too declining by 23.3 per cent at $16.8 billion, ($21.9 billion), India''s foreign trade front groans under the declining exports and imports with cumulative massive trade deficit of $115 billion in the first 11 months of the current fiscal as against $82.2 billion for the whole of 2007-08.
The cumulative exports in the first 11 months of 2008-09 have come to a grinding halt slowing down to 7.3 per cent at $156.6 billion as against $145.87 billion in the corresponding months of 2007-08. But the depreciation of the Indian rupee vis-À-vis the US dollar gives a bit of relaxation, in which a major portion of the export receipts is received, the export growth in rupee terms has swollen substantially to a growth of 20.3 per cent. India''s exports during April-February 2008-09 registered a growth of 19.1% in dollar terms at $271.7 billion ($228 billion) and 33.4 per cent growth in rupee terms at Rs 12,23,213 crore (Rs 9,17,179 crore).
The cumulative exports in the first 11 months of 2008-09 have come to a grinding halt slowing down to 7.3 per cent at $156.6 billion as against $145.87 billion in the corresponding months of 2007-08. But the depreciation of the Indian rupee vis-À-vis the US dollar gives a bit of relaxation, in which a major portion of the export receipts is received, the export growth in rupee terms has swollen substantially to a growth of 20.3 per cent. India''s exports during April-February 2008-09 registered a growth of 19.1% in dollar terms at $271.7 billion ($228 billion) and 33.4 per cent growth in rupee terms at Rs 12,23,213 crore (Rs 9,17,179 crore).
No comments:
Post a Comment