The Hindu : Trade deficit widens in Apr.-Oct.

Online edition of India's National Newspaper
Tuesday, Dec 03, 2002

Business

Business

Trade deficit widens in Apr.-Oct.

NEW ELHI DEC. 2. India's exports recorded 9.92 per cent growth at $4.09 billion in October against $3.72 billion in the same month last year. Exports increased by 13.67 per cent to $28.24 billion in April-October from $24.842 billion in the same period last year, according to the provisional estimates of Director General of Commercial Intelligence and Statistics.

Imports also rose by 32.86 per cent in October this year to $5.44 billion from $4.093 billion in the same month year last year. Imports during April-October rose by 12.32 per cent to $3.38 billion from $3.01 billion in the same period last year.

The trade deficit was higher at $55.42 billion in April-October against $52.33 billion. The deficit in October was $1.35 billion against $374.77 million in the same month in 2001.

Oil imports increased by 18.5 per cent to $10.37 billion during April-October from $8.75 billion in the year ago period. Non-oil imports also were up by 9.78 per cent at $23.42 billion against $21.33 billion dollar in April-October 2001.

In rupee terms, exports increased by 10.73 per cent to Rs. 19,768.88 crores in October from $17,853.31 crores in the same month a year ago. Exports in April-October rose by 17.21 per cent to Rs. 137,575.89 crores from Rs. 117,372.01 crores in the same period last year.

Imports increased by 33.83 per cent in October to Rs. 26,301.51 crores from Rs. 19,652.96 crores in the same month in the previous year. Imports in April-October rose by 15.85 per cent to Rs. 164,530.91 crores from Rs. 142,020.46 crores.

The trade deficit stood at Rs. 6,532.63 crores in October against Rs. 1,799.65 in the year ago month while that in April-October was Rs. 26,955.02 crores against Rs. 24,648 crores in the same period last year.

PTI

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