Niraj Kumar , Nov. 8, 2011, 6:43pm IST
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India's Export Grows 10.8% in October, BoT at $19.6 billion
New Delhi, Nov. 8: Despite sovereign debt crisis in Eurozone and weak demand for Indian products in western market India registered 10.8% growth in exports in October 2010 at $19.9 billion, Secretary Ministry of Commerce said.
In the first seven month period (April-October) of fiscal 2011-12 India's export grew 46% to $179.8 billion.
In the month of October, India's imports grew 21.7% to $39.5 billion. In the April-October period India's imports grew by 31% to $273.5 billion.
India's Balance of Trade (BoT) in October stood in negative at $19.6 billion. And current fiscal so far BoT reached $93.7 billion in negative.
In April-October 2011 period, engineering sector registered the on-year export growth of 89.6% at $51.4 billion, petroleum & oil products exports grew 51% to $31.9 billion, Cotton grew 22%to $3.99 billion, electronics 50% to $ 6.4 billion and ready-made garments grew 31% to $7.7 billion.
As regards to imports during April-October 2011, the growth POL 41% to $81.9 billion, Gold and silver 64% $38.3 billion, machinery 27.8% to $20 billion, electronics 22% to $19.7 billion.
