Financial Daily from THE HINDU group of publications
Thursday, Feb 28, 2002
Financial Daily from THE HINDU group of publications Thursday, Feb 28, 2002 |
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Industry & Economy
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Exports & Imports Exports up 1.56 pc in Apr-Jan Our Bureau
NEW DELHI, Feb. 27 EXPORTS during the April-January period of the current fiscal touched $36,526.14 million, reflecting an increase of 1.56 per cent over the $35,963.84 million recorded during the same period last year. In rupee terms, exports for the period under review stood at Rs 1,73,562.98 crore, 5.98 per cent higher than the value of exports recorded earlier. The first month of the current calendar year has been an exceptionally good one for exports, as it registered an 18.18 per cent jump to touch $4,252.57 million as against $3,598.39 million recorded last January. In rupee terms, exports were Rs 20,552.11 crore, notching a growth of 22.71 per cent. The export performance in January 2002 is primarily driven by the recovery in the US economy, which will have a spill-over effect on other segments of exports in the remaining two months of the current fiscal and help in achieving the three per cent overall export growth target, according to officials. They added that the aggregate export performance during the April-January period had been impacted by the general slowdown in the world economy. On the imports front, the total value during the period under review stood at $42,538.70 million, representing a growth of 1.84 per cent over the $41,769.21 million recorded earlier. Oil imports stood at $11,789.66 million, 13.75 per cent lower than the $13,668.87 million recorded last year. Non-oil imports are estimated at $30,749.04 million, 9.43 per cent higher than the $28,100.34 million figure of the previous year. Imports during January 2002 stood at $4,367.78 million, much higher than the $3,954.69 million posted in January 2001. In rupee terms, imports rose by 14.68 per cent. An official release said that the trade deficit for the April-January period is estimated at $6,012.56 million. This is higher than the figure of $5,805.37 million recorded during the April-January period last year.
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