Export Grows 34.4% in April 2011: Commerce Secretary
India’s exports have registered a growth of 34.4% during April 2011, at US $ 23.9 billion. Stating this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, informed that during the interaction, with press, India’s imports in April 2011 were US $ 32.8 billion, which is up by 14.1% Balance of trade for the month of April stood at -8.9 billion US $.
During April 2011, the following sectors have done well viz., engineering (109%), gems & jewellery(39%), electronic goods(48%) petroleum and its products, plastics & linoleum (30%), chemicals etc.
Imports for the month of April 2011 increased Petroleum products increased by 7. 7%, Pearls and precious stones increased 19 % , gold increase by 60%. He further clarified that these figures are the quick estimates and the final figure may change.