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Export growth in September2005 was just 7.5%,compared to 25% during the previous month. After maintaining a healthy spurt since the beginning of the current financial year, Indias export growth has deaccelerated during September05. Exports stood at $7.3bn in September 05 compared to $7.4bn in August 05. There seems to be no cause for worry since the average export growth for the first half of the current fiscal was at 20.5% . According to preliminary estimates, Indias exports during April - September 05 were at $43,223m ,compared to $35,863m during the corresponding six months period of the previous year. In rupee terms ,the exports were at Rs, 1,88,659 crore during the April-September 05 during the April-September 05 period -15.48% higher, compared to the first half of the previous year. Indias imports during the April- September 05 period were valued at $63,550m, representing an increase of 33.09%. In rupee terms, there was a rise of 27.48% during the period. Oil imports during the April - September 05 period stood at $20,833m. This was 42.92% higher than the import level of $14,577m for the first half of the previous financial year. In rupee terms the increase in imports during the first half was to the tune of 11.7%. According to a statement,the trade deficit for April-September 05 was at $20,326m, which is higher than the deficit of $11,885m registered during April-September 04.
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| Posted : 10/18/2005 |
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