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Exports up 13 p.c. in Apr.-Aug.

By Our Special Correspondent

NEW DELHI OCT. 1. Exports continued to rise steadily with an over 13 per cent growth during the first five months of the current fiscal despite a dip to single digit growth during August. The month recorded only 6.55 per cent rise in exports as against double-digit increases over the past few months. Despite the dip in the growth rate during August, the overall performance on the export front is robust.

Exports during April-August have risen to $19.7 billion, 13.37 per cent higher than $17.4 billion recorded over the same period last year.

According to the provisional trade data released by the Commerce and Industry Ministry today, imports rose by nearly 6 per cent widening the trade deficit marginally to $742.22 million from $725.48 million in August 2001. Imports during August were valued at $4.62 billion against $4.37 billion last year, an increase of 5.84 per cent.

Oil imports have grown by 5.29 per cent during April-August but overall imports rose marginally by 1.76 per cent to $22.46 billion from $22.08 billion last year. Oil imports are estimated at $6.87 billion against $6.52 billion during April-August 2001-02.

Non-oil imports during the period were estimated at $15.59 billion, 0.28 per cent higher than $15.55 billion in the corresponding period last year.

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