|
India’s merchandise exports have crossed the US $ 60 billion mark in the 10 months of the current financial year (2004-2005), having reached US $ 61 billion during April 2004 to January 2005, which is 26 % higher than in the corresponding period of the previous financial year, Shri Kamal Nath, Minister of Commerce and Industry, has said. Earlier, addressing the Parliamentary Consultative Committee of his Ministry here yesterday, the Minister had indicated that India’s merchandise exports would exceed the target of 16 % growth set for the year to reach a level of around US $ 75 billion. ( 16 % growth corresponds to a level of $ 73.4 billion). With the high growth achieved despite strengthening of the rupee vis-à-vis the us dollar and the overall impact of rise in fuel prices on competitiveness, the country was clearly “heading towards a doubling of its percentage share of world merchandise trade b and increasing its exports to US $ 150 billion by 2009”, the Minister said. Exports in the month of January are estimated to be over US $ 7 billion.
Details of the provisional data on India’s foreign trade for the period April 2004 to January 2005 from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) will be available on Monday the 14th of February, 2005.
India’s exports in 2003-2004 were estimated at US $ 63.4 billion. The top ten countries to which Indian goods were exported in 2003-2004 were USA, the United Arab Emirates (UAE), China, Hong Kong, United Kingdom (UK), Germany, Singapore, Belgium, Japan and Italy.
SB
|
