Today : Sunday - Sep 21, 2014, 10:50pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

India's exports up 35 percent in May at $16.1 bn

Thursday - Jul 01, 2010, 03:55pm (GMT+5.5)
[+] Text [-]
New Delhi (IANS)- India's merchandise exports in May rose by 35 percent to $16.14 billion compared to $11.9 billion in the year-ago period, the government said here Thursday.

Data released by the commerce ministry showed imports for the month grew by 38.5 percent to $27.4 billion year-on-year.

The country's trade deficit stood at $21.7 billion during April-May 2010, higher than the $14.5 billion reported in the same period last year.

Officials attributed the export growth to low base effect.

During April-May 2010, exports stood at $33 billion, a 35.7 percent rise over the year-ago period, while the cumulative value of import in the first two months of the current fiscal increased 40.9 percent at $54.7 billion.

Oil imports in May were valued at $8.8 billion, which was 66.7 per cent higher than oil imports valued at $5.3 billion in the corresponding period last year. Non-oil imports were estimated at $18.6 billion, 32.3 per cent higher than that in May 2009.

India is targeting around 15 percent export growth in this financial year.

The country's exports had dropped 4.7 percent in fiscal 2009-10 as demand slumped due to the global meltdown.

In April, exports had risen 36 percent to $16.9 billion as demand for gems and textiles increased. Imports for the month jumped 43 percent from a year earlier to $27.3 billion and the trade deficit stood at $10.4 billion.

The total import in April-May was $54.7 billion, resulting in a trade deficit of $21 billion.


Rating (Votes: )   

blog comments powered by Disqus

Related Articles:
» Kudankulam N-plant to reconnect to the grid Oct 26
» Rupee unchanged at 61.46
» Kerala Tourism takes Twitter route for campaign
» Onion prices to come down in next 10 days: Thomas
» Ratan Tata meets Sharma post FIPB nod for airline venture
» Mamata government selling onions at Rs.36 per kg
» Gold prices gaining by Rs 480 to Rs 32,410 per ten gram
» Mukesh Ambani remains richest Indian with assets of $18.9 billion
» Top 100 rich Indians' net worth rises to $250 billion
» Bharti Airtel board approves subsidiary merger
» Emirates expects to fly 70 mn passengers in 2020
» Japan's Olympus scales down India business projection
» Tewari pulls up Ludhiana officials over MGNREGA funds
» India-France trade can aid inclusive growth: Jaipal Reddy
» China to set up power equipment service centres in India
» Reduced arrival of onions behind price hike: Dikshit
» Shanta Kumar slams delay in export ban on onions
» Sri Lanka records strong tourist, remittance earnings
» Cochin airport investors set to reap profits
» Etihad Airways to double Colombo flights
» Jet Airways standalone losses jump eight-fold to Rs. 891 crore
» RBI receives $10.1 billion under forex swap window
» SBI to get Rs 2000 cr as part of Rs 14K cr banks fund infusion
» Mobile economy to add $400 billion to India GDP: GSMA
» Volvo launches next generation S60 and XC60

Other Articles:
Hyundai domestic sales up by about 19 percent (1st Jul, 2010)
Canada's Bengal Energy gets Cauvery hycrocarbon block (1st Jul, 2010)
US to target investment to smaller Indian cities (1st Jul, 2010)
UAE group to bring affordable healthcare to smaller Indian cities (1st Jul, 2010)
Toyota to recall Lexus LS460 over engine problem (1st Jul, 2010)
Romania to lay off 60,000 in public sector (1st Jul, 2010)
Yahoo to buy back stocks worth $3 bn (1st Jul, 2010)
US passes final version of financial reform overhaul (1st Jul, 2010)
SBI staff to strike work in West Bengal (1st Jul, 2010)
RBI cautions people against fraudulent e-mails (1st Jul, 2010)
Vyas retires from Gujarat milk cooperative (1st Jul, 2010)
US firm unveils Rs.50-crore water heater plant in India (1st Jul, 2010)
Mobile number portability postponed to Oct 31 (1st Jul, 2010)
Kolkata Port Trust to resolve Salukhali port land issue (1st Jul, 2010)
World Bank loans for Mumbai train system, dam projects (1st Jul, 2010)
Continental to increase headcount by 30 percent in India (1st Jul, 2010)
'Born again' Beckham eyeing Euro 2012 qualifier spot (1st Jul, 2010)
Infosys to reward staff with shares to mark 30th year (30th Jun, 2010)
Future Generali to open 100 new branches (30th Jun, 2010)
Late buying pushes Sensex 166 points up (30th Jun, 2010)
Himachal to set up thermal power plant in West Bengal (30th Jun, 2010)
TRAI proposes 74 percent foreign investment in DTH (30th Jun, 2010)
Fox International launches 7 new channels in India (30th Jun, 2010)
Big Street to beautify the capital during Commonwealth Games (30th Jun, 2010)
New interest rate regime come into force Thursday (30th Jun, 2010)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use