Exports grow by 32.5 pc to USD 20.6 bn in Jan

New Delhi: India’s exports grew by a healthy 32.5 per cent year-on-year to $ 20.6 billion in January, 2011 on account of increasing demand in the western markets.

During April-January this fiscal, the country’s shipments went up by 29.4 per cent to $ 184.6 billion.

“It is a huge jump. Export performance is pretty good. By February, we should cross $ 200 billion,” Commerce Secretary Rahul Khullar told reporters here.

Imports in January, 2011 is estimated to increase by 13.1 per cent to $ 28.6 billion over the same period last year, leaving a trade deficit of $ 8 billion during the month under review, Mr. Khullar said.

During April-January, 2010-11, imports rose by 17.6 per cent to $ 273.6 billion.

“The import numbers will be revised,” Mr. Khullar added.

During the first 10 months of the financial year, trade deficit stood at $ 89 billion.

Sectors that registered healthy growth during April-January, 2010-11 include gems and jewellery, engineering and petroleum and oil lubricants, he added.