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Exports Register Impressive Growth of Over 21 Percent during October

Date : November 19, 2010
Number of Views : 1786

Indian Exports during October has registered impressive growth of 21.3 per cent to $18 billion, while imports for the month grew 6.8 per cent on the year to $27.7 billion. India's trade deficit in October stood at $9.7 billion compared with $9.12 billion in September.

India's trade deficit in August had widened to a 23-month high of $13.06 billion and Govt of India spokesperson expressed concern that deficit could touch $135 billion for the year to end-March 2011, higher than his earlier forecast for $120 billion.

India, Asia's third-largest economy, is targeting close to 15 per cent export growth in the current fiscal. Indian exporters are poised to achieve the lofty goal.

News Category: Agricultural Commodities
Brass and Brass Products

News Type : Market News


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