India's exports up 25.92 pc to USD 6 bn in November

NEW DELHI, DECEMBER 13 (PTI) Exports from India went up 25.91 per cent year-on-year in November this year to 6.09 billion dollars, pushing up growth in first eight months of this fiscal to 24.02 per cent translating into exports of 46.3 billion dollars.

The imports during April-November 2004 also showed a roubst growth of 34.4 per cent to 64.2 billion dollars, thus increasing the trade deficit to 17.8 billion dollars from 10.3 billion dollars in the same period last fiscal.

In November imports grew 43.12 per cent year-on-year to nine billion dollars. During the month the trade deficit increased to 2.9 billion dollars from 1.4 billion dollars in the same month last year.

In rupee terms exports in April-November grew 22.14 per cent to Rs 2,11,141 billion while the imports were up 32.43 per cent to Rs 2,92,565 billion.

Exports in rupee terms in November grew 24.81 per cent to Rs 27,514 crore while imports were up 41 billion to Rs 41,806 billion. Oil imports in April-November 2004-05 stood at 19.9 billion dollars, which is 55.79 per cent higher than last fiscal's figures.

Non-oil imports during the first eight months of 2004-05 were 26.67 per cent higher at 44.32 billion dollars. "If it had not been for the high cost of petroleum, we would not have had a negative balance of trade. Fortunately, this negative balance of trade in goods is more than compensated for by our export in services," a statement quoting Commerce and Industry Minister Kamal Nath said.