The Hindu Business Line : Exports post 17.2% growth in April

EXPORTS during the inaugural month of the current fiscal clocked a robust 17.20 per cent growth at $6,567.99 million against $5,603.96 million in April 2004. In rupee terms, the exports were Rs 28,729.18 crore, which is 16.70 per cent higher than the value of exports during April 2004.

According to the provisional figures put out by the Directorate-General of Commercial Intelligence & Statistics and released by the Department of Commerce here, the country's imports in April 2005 are valued at $10,422.54 million, representing a hefty 51.05 per cent increase over the level of imports valued at $6,900.15 million in April 2004.

In rupee terms, the imports rose 50.40 per cent to Rs 45,589.46 crore (Rs 30,31.13 crore).

Of the $10.422.54-million import bill, oil imports added up to a substantial $3,299.64 million, which is 41.37 per cent higher ($2334.11 million).

Non-oil imports are estimated at $7,122.90 million, which is 56 per cent higher than $4566.04 million in April 2004.

Trade deficit for April 2005 is estimated at $3,854.555 million ( $1,296.19 million).

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