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Indian exports grow by 21 percent in April 2011- March 2012, claims Khullar

New Delhi, Thu, 19 Apr 2012 ANI

New Delhi, Apr 19 (ANI): Commerce Secretary Rahul Khullar on Thursday informed that India's exports for the last year (April 2011 to March 2012) have registered a growth of 21 percent at USD 303.7 billion.

Khullar informed that during the same period the imports were USD 488.6 billion with a growth of 32.1 percent and a Balance of Trade stood at USD (-) 184.9 billion

During April 2011-March 2012, the following sectors have done well with regard to exports- engineering, (USD 58.2 billion) which registered the growth of 16.9 percent; petroleum and oil products, 38.5 percent (USD 57.5 billion); gems and jewellery registered the growth of 13.3 percent (USD 45.9 billion); drugs and pharmaceuticals 21.9 percent (USD 13.1 billion); leather 22.5 percent (USD 4.2 billion); electronics, 9.2 percent (USD 9 billion); cotton yarn and fabric made-up 17.4 percent (USD 7.2 billion), readymade garments yarns and fabrics 18 percent (USD 13.7 billion), manmade yarns and fabrics 18.5 percent (USD 5.1 billion); marine products 31.4 percent (USD 3.4 billion) .

As regards to imports during April 2011-March 2012, the growth estimates on the following sectors are: POL, 46.9 percent (USD 155.6 billion); gold and silver 44.4 percent (USD 61.5 billion); coal, 80.3 percent (USD 17.6 billion); machinery, 27.7 percent (USD 35.4 billion), electronics goods, 23 percent (USD 32.7 billion), and coal 80.3 percent (USD 17.6 billion US $), iron and steel 15 percent, (USD 11.9 billion); vegetable oil, 47.5 percent (USD 9.7 billion); fertilizer 59 percent (USD 11 billion); gems and jewellery (-)10.6 percent (USD 31 billion).

The Commerce Secretary further clarified that the figures are only the rough estimates and the final figure is subject to change. (ANI)

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