Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

India's Exports Accelerate In December

Photo Credit :

India's exports grew at a faster annual pace in December than in the preceding month but the overall picture is still not rosy, Trade Secretary Rahul Khullar said on Monday.

December exports rose an estimated 6.7 per cent from a year earlier to Rs 129,250 crore, while imports were Rs 195,426 crore, leaving a trade deficit of Rs 66,176 crore, Khullar told reporters.

"It is not rosy... I am not saying that exports from India will not grow, but in a better time, when things were more buoyant, they would grow faster," he said.

The next fiscal year, starting on April 1, may be difficult for exports, he added. "If you get anything between 20-22 per cent (growth) I would be more than happy in 2012-13."

Indian exporters enjoyed record growth last fiscal year, but have struggled in recent months in the face of economic turbulence in the euro zone, India's biggest trade partner.

Exports between April-December rose 25.8 per cent to Rs 1,124,992 crore, Khullar said.

The trade deficit is expected to be Rs 801,350 crore to Rs 827,200 crore for the full fiscal year ending March, while exports are expected to be close to Rs 1,551,000 crore, he said.

Indian exporters enjoyed record growth last fiscal year, but have struggled in recent months in the face of economic turbulence in the European Union, which is India's biggest trade partner.

(Reuters)


Tags assigned to this article:
economy india news 3 rahul khullar exports trade deficit