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Export Grows 81% in July at US $ 29.3 Billion: Commerce Secretary.

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..... Export Grows 81% in July at US $ 29.3 Billion: Commerce Secretary. - News and Press Release Dated:- 11-8-2011 - News - Press Information Bureau Government of India Ministry of Commerce Industry 11-August-2011 17:48 IST Export Grows 81% in July at US $ 29.3 Billion: Commerce Secretary India s exports have registered a growth of 81.8% during July 2011, at US $ 29.3 billion. I .....

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..... nteracting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-July 2011, exports have reached a level of US $ 108.3 billion, a growth of 54% while the imports were US $ 151 billion with a growth of 40% and a trade deficit of US $ 42.7 billion, during the same period. During the interaction, Shri Khullar also informed that India s import .....

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..... s in July 2011 were US $ 40.4 billion registering the growth of 51.5%. Balance of trade for the month of July 2011 stood at 11.1 billion US dollar. During April-July 2011, the following sectors have done well viz., engineering, (US $ 31.6 billion); Gems Jewellery, (12.8 billion US $); petroleum oil products, 60% (US $ 18.6 billion); manmade yarn made-ups, 38% (US $ 1.73 billion); electroni .....

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..... cs, 84% (US $ 3.72 billion); Readymade garments, 40% ( US $ 5 billion) and leather registered a growth of 29%. Shri Khullar also stated that exports of iron ore, fruits vegetables and tobacco are not doing well. As regards to imports during April-July 2011, the growth estimates on the following sectors are: POL, 23% (US $ 42 billion); pearls precious stones, (US $ 11.16 billion); gold si .....

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..... lver, 180% (US $ 21.5 billion); machinery, 45% (US $ 12 billion), electronics, 75% (US 10.3 billion), Organic and inorganic chemicals. Shri Khullar later informed that imports of fertilizers have started picking up. The Commerce Secretary clarified that the figures are only the rough estimates and the final figure is subject to change. ******** DS - News - Press release - PIB Tax Manag .....

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..... ement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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