Recording positive growth for the second month in a row, the exports grew by 9.3 per cent in December 2009 suggesting that the country's trade is coming out of the economic blues. Imports, too turned positive after recording long 11 months of negative growth, registering an impressive growth of 27.2 per cent in December. After falling for 13 straight months, in November 2009 exports grew by 18.2 per cent, for the first time since the global financial meltdown engulfed the world.On the increased trade activity, Rakesh Mohan Joshi of Indian Institute of Foreign Trade said, imports turnaround is due to the revival in the country's industrial activities. FIEO president A Sakthivel said the growth in imports reflects the effect of double-digit growth in the manufacturing sector. Trade gap during the first nine of the current fiscal was 76.24 billion dollars compared to 106.24 billion dollars in the same period last year.
News On AIR | February 1, 2010 6:00 PM
Export growth positive for consecutive 2nd month; Dec. exports grew by 9.3%