Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2011-08-11

Exports jump but may slow down again

Exports jump by may slow down again

Exports jumped by a record 81.8 percent year-on-year to USD 29.3 billion in July, 2011, due to the sterling performance of sectors like engineering, petrochemical products and gems and jewellery.

However, this high growth rate is unlikely to be sustained in the coming months due to uncertainty in the US and European economies, Commerce Secretary Rahul Khullar said.

During April-July, 2011-12, overseas shipments of Indian products grew by 54 percent to USD 108.3 billion.

Though most of the sectors posted robust expansion in export volumes, Khullar cautioned that the exporting community should not get carried away by these high numbers and should brace themselves as "summer is not over".

Uncertain economic conditions in the US and Europe are likely to hit global demand.

Together, these countries account for about 35 percent of the country's exports.

Imports, too, increased by 51.5 percent to USD 40.4 billion, leaving a trade deficit of USD 11.1 billion.

During the first four months of the fiscal, imports grew by 40 percent to USD 151 billion, led by inbound shipments of petroleum products worth USD 42 billion, an increase of 23 percent year-on-year.

The trade deficit during the period stood at USD 42.7 billion.

Commenting on the data, exporters' body Fieo said: "The growth of 81.8 percent in exports is unheard of in recent history."

In July, India's engineering, petroleum products and gems and jewellery exports were worth USD 8.7 billion, USD 4.6 billion and USD 3.5 billion, respectively.

Related opportunities
  • Fine Dine Restaurants
    Inviting Franchisee’sMyGovinda’s- 100% Holistic Vegetarian CuisineMyGovinda’s is a unique conc..
    Locations looking for expansion Dubai
    Establishment year 2001
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Dubai Dubai
  • Quick Service Restaurants
    About UsPizza Burst started its operations in Udaipur in 2015...
    Locations looking for expansion Rajasthan
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Cambridge Montessori Junior is a brand of Jalsa Ventures Private..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required 1500 - 4000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North West Delhi New Delhi
  • ABOUT :Birla Edutech Limited - A Yash Birla Group Company..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2008
    Investment size Rs. 10lac - 20lac
    Space required 1500 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities