India’s cumulative value of exports for the period April to February 2008-09 was USD 156597 million (INR 705231 crore) as against USD 145878 million (INR 586233) registering a growth of 7.3% in Dollar terms and 20.3% in Rupee terms over the same period last year.
Exports during February, 2008-09 were valued at USD11913 million which was 21.7% lower than the level of USD 15221 million during February, 2008. In rupee terms, exports touched INR 58685 crore, which was 3 % lower than the value of exports during February, 2007-08.
India’s imports during February, 2008-09 were valued at USD 16823 million representing a decrease of 23.3% over the level of imports valued at USD 21934 million in February, 2007-08. In Rupee terms, imports decreased by 4.9%. Cumulative value of imports for the period April to February 2008-09 was USD 271687 million (INR 1223213 crore) as against USD 228081 million (INR 917179 crore) registering a growth of 19.1% in Dollar terms and 33.4% in Rupee terms over the same period last year.
Oil imports during February, 2008-09 were valued at USD 4047 million which was 47.5% lower than oil imports valued at USD 7713 million in the corresponding period last year. Oil imports during April to February, 2008-09 were valued at USD 89684 million which was 26.8% higher than the oil imports of USD 70704 million in the corresponding period last year.
The trade deficit for April to February 2008-09 was estimated at USD 115090 million which was higher than the deficit at USD 82203 million during April to February 2007-08.
Source : SteelGuru