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Exports up 37 per cent in Q1 06-07

Written by: Staff

New Delhi, Oct 24 (UNI) Indian exports in first six months of the current financial year totalled 59.3 billion dollars compared to 43.2 billion dollars in the year-on period, marking a 37.25 per cent growth.

The imports grew from 63.5 billion dollars in April to September 2005 to 83.9 billion dollars in the same period this year, up 32.06 per cent, according to provisional data released by the Directorate General of Commercial Intelligence and Statistics.

Trade deficit was valued at 24.6 billion dollars compared to 20.3 billion dollars in the previous year.

Minister for commerce and industry Kamal Nath said figures shows the country's exports are on a high growth trajectory, especially in the manufacturing sector. He said the export target of 125 billion dollars will be achieved in 2006-07.


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