Growth in India's exports remained robust, as overseas shipments expanded by 35.1 per cent to 16.9 billion US dollars in May on the back of improving demand in western markets. Exports grew for the seventh month in a row since November 2009, after a 13-month trough due to recession in several markets. Commerce Secretary Rahul Khullar told reporters in New Delhi that it is too early for celebrations. The growth in May took place on a rock bottom performance a year ago. Imports, too, grew by 30.8 per cent to 27.4 billion dollars year-on-year. During April-May 2010, exports stood at USD 33 billion, a jump of 35.7 per cent over the year ago period. Mr Khullar added that India is doing much better than last year.
News On AIR | June 18, 2010 2:13 PM
Exports rise 35 per cent in May due to growing demand in western countries