January 11, 2010 2:29 PM

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India's exports rise to 14.6 bn US dollars in December

The country's exports in December have grown to 14.6 billion US dollars, up 9.4 per cent over November. Commerce and Industry minister Anand Sharma said in New Delhi on Monday that exports grew due to the strong growth in pharma, engineering and auto components sectors.Mr Sharma said although the country's exports have moved to a positive terrain in the past two months, the economy is yet to recover from the losses resulted from 13-months of continuous fall in exports. The minister ruled out importing wheat and rice in the immediate future and admitted that zooming food price-inflation remains a major concern.Attributing the current surge in food inflation partly to high sugar prices, the minister said that the Government has taken a number of steps to ease the inflationary situation.

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