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TMI BlogExport Grows 49.8% at US $ 23.6 billion in February 2011: Commerce SecretaryX X X X Extracts X X X X X X X X Extracts X X X X ..... Export Grows 49.8% at US $ 23.6 billion in February 2011: Commerce Secretary - News and Press Release Dated:- 10-3-2011 - News - India s exports have registered a growth of 49.8% during February 2011, at US $ 23.6 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-February 2010-11, exports have reached a lev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... el of US $ 208.2 billion at a growth of 31.4% while the imports were US $ 305.3 billion with a growth of 18% and a trade deficit of US $ 97.1 billion. During the interaction, Shri Khullar informed that India s imports in February 2011 were US $ 31.7 billion. He further clarified that the import figures are only the rough estimates and the final figure is subject to change. Balance of trade for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... month of February stood at 8.1 billion US dollar. On the export growth, Shri Khullar said that we have crossed $ 200 billion during February and our forecast for this fiscal would be around $ 235 billion. He also stated that exports from the Special Economic Zones (SEZs) are doing very well and it is expected a huge growth from SEZs. During April-February 2011, the following sectors have do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ne well viz., engineering, 81% ($ 52.7 billion); gems jewellery, 5.4% (26.9 billion); POL, 34% ($ 32.9 billion); RMG, 2% ($ 10 billion); manmade fabrics, 14% ($ 3.7 billion); cotton yarn, 43% ($4.9 billion); electronics, 40% ($ 7 billion) plastics, 41% ($ 4.1 billion); chemicals, 22% ($ 7.5 billion); pharmaceuticals, 15% ($ 9.1 billion); carpets, 37% ($ 0.9 billion); leather, 11% ($ 3.3 billion) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; and marine products, 20% ($ 2.3 billion). Shri Khullar informed that exports of cotton yarn, iron ore and fruits vegetables are on the negative growth because of ban on exports on these sectors. As regards imports during April-February 2011, the growth estimates on the following sectors are POL, 12.5% ($ 88.2 billion); pearls precious stones, 55% ($ 22 billion); gold silver, 13.4% ($ 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8.6 billion); fertilizers, 6% ($ 6.9 billion); vegetable oils, 18% ($ 6 billion); machinery, 19% ($ 24.3 billion); electronics, 5.6% ($ 20.1 billion); organic inorganic chemicals, 25% ($ 13.4 billion); coal, 12% ($ 9.2 billion); iron steel 29% ($ 9.7 billion); and ores and scrap, 31% ($ 9 billion). ******** DS/MRS (Release ID :70796) - News - Press release - PIB Tax Manageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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