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Exports grow 30.4% in June: Commerce Secretary .


Date: 21-07-2010
Subject: Exports grow 30.4% in June: Commerce Secretary
India’s exports registered a growth of 30.4% in June, at US$17.75 billion as compared to US$13.5 billion during June 2009, Commerce Secretary Rahul Khullar said at a press interaction in New Delhi last evening.

India’s imports in June were US$28.3 billion, up 23% while oil imports recorded a 25% growth in the month, Khullar said.

First quarter (April-June 2010-11) exports reached US$50.8 billion, registering a growth of 32.2% while imports were at US$83 billion, reflecting a growth of 34%, the Commerce Minister said.

The trade deficit for the first three months of FY11 stood at US$32.2 billion, he added.

The sectors which registered healthy growth in June include engineering (90%), petroleum & oil products (66%), gems & jewellery (24%) and chemicals (41%), Khullar said.

Source : indiainfoline.com

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