India's exports up, but gap widens
April 10, 2006
India's annual exports jumped 25 percent to cross the $100 billion (R611 billion) mark, but imports grew faster, trade minister Kamal Nath said on Friday.
Exports rose to $101 billion in the fiscal year to March but imports increased 32 percent to $140 billion. This widened the trade gap to $39 billion from $25 billion the previous financial year, Nath said.
Still, Nath was upbeat about the export performance, which he said had been spurred by the government's foreign trade policy, calling it a "great leap forward". - AFP, New Delhi
|
|
