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Business News
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India's exports stood at 24.50 billion dollars in April 2012: Commerce Secretary
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Posted online: Thursday, May 10, 2012 at 10:02:13 PM
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New Delhi, May 10 : Commerce Secretary Rahul Khullar on Thursday said India's exports for the months of April 2012 have registered a growth of 3.2 per cent or 24.50 billion dollars.
Talking to media here, Khullar informed that during April 2012, imports were valued at 37.9 billion dollars with a growth of 3.8 per cent and the balance of trade stood at USD (-)13.4 billion, during the same period.
During April 2012, the following sectors have done well with regard to exports- engineering, (5.2 billion USD) which registered the growth of 14.2 per cent; electronics exports grew by 5.4 per cent (0.6 billion USD); Drugs and pharmaceuticals 33 per cent (USD 1.1 billion );leather 3.2 per cent (0.3 billion USD); Basic Chemicals 11.4 per cent (USD0.9 billion); Marine products 21 per cent (USD 0.2 billon) Cotton yarn and fabric made-up (-)20.4 per cent (USD 0.49 billion) ; Gems and Jewellery decline by (-) 25.7 per cent (USD 2.6 billion).
As regards to imports during April 2012, the growth estimates on the following sectors are: POL, 7 per cent (USD13.9 billion); Gold and silver (-)33 per cent (USD 3.1 billion); machinery, 14.9 per cent (USD 2.9 billion), and coal 25.5 per cent (USD 1.5 billion USD) Pearls and precious stones (-)63.3 per cent (US$1.2 billion).
Khullar clarified that the figures are only the rough estimates and the final figure is subject to change.
Source-ANI
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