December 8, 2010 6:42 PM

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India's exports up by 26.8 %

India's exports have gone up by 26.8 percent. It touched 18.9 billion Dollars in November with a huge turnaround in exports of engineering products and carpets.Disclosing this in New Delhi today Commerce Secretary Rahul Khullar said the trade data for the month is provisional and the export data might be revised upwards in a few days. Khullar said buoyed by a better than expected growth in the first eight months, the government is likely to revise its whole fiscal export target upward from 200 billion dollars announced earlier. Giving details of the imports, he said import too increased by 11.2 percent to 27.8 billion dollars, narrowing trade deficit to 8.9 billion dollars. The whole year trade deficit is likely to remain in the range of 120 billion to 135 billion dollars.In reply to a question on broad based trade and investment agreement with European Union Khullar said that it may be finalised in early 2011. The operationalisation of the agreement will increase the bilateral trade by about 30 percent to touch 100 billion Euros. Replying to another question he said that the commerce ministry will take a decision on extending the date of cotton exports.

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