January 1, 2010 6:55 PM

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The New Year began on a good note for India's exporting sector. Exports in November 2009 increased to 13.19 billion US dollar from 11.16 billion US dollar a year ago marking a trend reversal of decline . Imports remained in the negative zone declining by 2.6 per cent to 22.88 billion US dollar, leading to a lower trade gap of 9.69 billion US dollar during the month against 12.32 billion US dollar in November 2008. While exports have turned positive partly due to low base of last year, experts cautioned against complacency.Speaking to AIR, ICRIER Director Rajiv Kumar said government stimulus should continue and exporters need to be cautious about the exchange rate volatility.

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