Indian Exports up 7.39% in H1

[Ulhas Joglekar]

> 2 November 1999 : Exports up 7.39% in H1
>
> Exports up 7.39% in H1
> NEW DELHI: Aided by an impressive double digit growth for the second
> consecutive month in September, India's exports recorded a 7.39 per cent
> growth in the first half of 1999-2000 and trade deficit narrowed
marginally
> to $5.01 billion against $5.02 billion despite a surge in oil imports.
> Imports during April-September 1999 grew by 5.6 per cent at $22.47 billion
> as compared to $21.28 billion in the same period of 1998.
> Exports recorded a 12.01 per cent growth in September 1999 while in August
> it grew by 10.16 per cent. Though non-oil imports slid by 1.94 per cent in
> the first six months to $18.01 billion compared to $18.37 billion in 1998,
> oil imports shot up by 53.24 per cent to $4.45 billion against $2.91
billion
> last year, official trade data released here said.
> Exports during April-September 1999 are valued at $17.46 billion compared
to
> $16.26 billion in the same period last year. In rupee terms exports grew
by
> 14.68 per cent at Rs 13443.42 crore.
> India's imports in September 1999 are valued at $3.96 billion representing
a
> growth of 7.49 per cent over $3.68 billion in September 1998.(PTI)
>
> For reprint rights: Times Syndication Service
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> Bennett, Coleman & Co. Ltd. 1999.
>
>