Exports rise 54% to $19.9 bn in March
Exports rise 54% to $19.9 bn in March
New Delhi: Indian merchandise exports grew at the fastest pace in six years in March, partly because of a low base a year earlier, amid concerns over the impact of a looming European debt crisis and an appreciating rupee on overseas shipments.
Exports increased 54% in March from a year earlier to $19.9 billion (Rs90,346 crore), according to commerce ministry figures released on Thursday. In the full fiscal year to March, exports declined 4.7% to $176.5 billion from $185.3 billion in the previous 12 months.
Also See Gaining Ground (Graphic)
Graphic by Ahmed Raza Khan/Mint
Bloomberg and PTI contributed to this story.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!