India's Export Grows 56.9% to US$25.9B in May 2011: Commerce Secretary |
Written by Anand | |
Tuesday, 14 June 2011 | |
New Delhi: India's exports have registered a growth of 56.9% during May 2011, at US $ 25.9 billion. Rahul Khullar, Commerce Secretary, informed that during the period April-May 2011, exports have reached a level of US $ 49.8 billion - a growth of 45.3% while the imports were US $ 73.7 billion - a growth of 33.3% and a trade deficit of US $ 23.9 billion, during the same period. During April-May 2011 the engineering sector registered a growth of 115 percent at US $ 14.7 billion followed by electronics at 80 percent (US $ 1.83 billion). Khullar informed that India’s imports in May 2011 were US $ 40.9 billion. He further clarified that the import figures are only the rough estimates and the final figure is subject to change. Balance of trade for the month of May 2011 stood at – 15 billion US dollar. |