India's Engineering Exports Touch US $ 31.6 billion During April-July 2011
India's Engineering Exports have reached US $ 31.6 billion during April-July 2011. Rahul Khullar, Commerce Secretary, informed that during the period April-July 2011, the country's net exports have reached a level of US $ 108.3 billion, a growth of 54% while the imports were US $ 151 billion with a growth of 40% - a trade deficit of US $ 42.7 billion.
The import of machinery has gone up by 45% to US $ 12 billion and electronics by 75% to US $ 10.3 billion during April-July 2011.
India’s exports have registered a growth of 81.8% during July 2011, at US $ 29.3 billion. Khullar also informed that India’s imports in July 2011 were US $ 40.4 billion registering the growth of 51.5%. Balance of trade for the month of July 2011 stood at 11.1 billion US dollar.
The Commerce Secretary clarified that the figures are only the rough estimates and the final figure is subject to change.
Source: machinist.in
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