India's exports registered a growth of 13.2% in July, 2010, at US $ 16.24 billion. Announcing this at a press interaction here today, Shri Rahul Khullar, Commerce Secretary, stated that during April-July 2010-11, exports reached a level of US $ 68.6 billion at a growth of 30.1% while the imports were $ 112.2 billion with a growth of 33.3% and a trade deficit of $ 43.6 billion.
During the interaction, Shri Khullar informed that India's imports in July were $ 29.17 billion, up by 34.3%.
Shri Khullar also informed that a target of US $ 200 billion is achievable even at a steady export growth of 15% from now on. Export growth rate signals stronger trade performance and projected target achievability contingent on sustained growth. Announcement of monthly and year-to-date external trade statistics for July 2010 and April-July 2010-11, reporting export and import levels with respective growth rates and a resulting trade deficit; and a forward-looking projection that an aggregate export target is attainable if sustained export growth continues.
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Export growth rate signals stronger trade performance and projected target achievability contingent on sustained growth.
Announcement of monthly and year-to-date external trade statistics for July 2010 and April-July 2010-11, reporting export and import levels with respective growth rates and a resulting trade deficit; and a forward-looking projection that an aggregate export target is attainable if sustained export growth continues.
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