Indian exports grow 36.4 per cent in December 2010, highest in 33 months

New Delhi, Jan 8 (ANI): India's exports have registered a growth of 36.4 per cent during December 2010, the highest in last 33 months, at 22.5 billion dollars due to diversification of the overseas markets such as Latin America and price competitiveness.

However, India's imports in December 2010 were 25.1 billion dollars, down by 11.1 percent, narrowing the trade deficit in December 2010 to 2.6 billion dollars, said Commerce Secretary Rahul Khullar.

Khullar said that during the period April-December 2010, exports have reached a level of 164.7 billion dollars at a growth of 29.5 per cent while the imports were 247.1 billion dollars with a growth of 19 percent and a trade deficit of 82.4 billion dollars.

He further said that these figures are the quick estimates and the final figure may change. Balance of trade for the month of December stood at -2.6 billion dollars, which is the lowest in last three years.

During April-December 2010, the following sectors have done well viz., engineering, gems and jewellery, petroleum and its products, leather and leather products, carpet, plastics and linoleum, cotton yarn, chemicals etc.

Khuller explained that these export monthly numbers are the highest in last 33 months and the import figures are lowest in the last 14 months. (ANI)