Indian exports grow by 26.8% in November
2010-12-09 10:18:37
India's exports grew by 26.8 percent to 18.9 billion U.S. dollars in November, while imports increased 11.2 percent to 27.8 billion U.S. dollars, reported the Indo-Asian News Service Wednesday.
This narrowed trade deficit to 8.9 billion U.S. dollars in the month, the report quoted Indian Commerce Secretary Rahul Khullar as saying.
"There is huge turnaround in exports of engineering products, especially automobiles. Gems and jewellery are also doing good," Khullar was quoted as saying.
The Indian government is also likely to revise its whole fiscal export target upward from 200 billion U.S. dollars, after the country exported 140 billion U.S. dollars of products in the first eight months of the fiscal year starting April, said the report.