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India’s FY11 exports up 37.5%; above target: Anand Sharma

India’s FY11 exports up 37.5%; above target: Anand Sharma
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First Published: Tue, Apr 19 2011. 04 35 PM IST
Updated: Tue, Apr 19 2011. 04 35 PM IST
New Delhi: India’s exports grew 37.5% to $245.9 billion in the fiscal year that ended in March, trade and commerce minister Anand Sharma said on Tuesday.
The figure comfortably beat the FY11 export target of $200 billion set by India’s trade ministry.
The export growth was largely powered by the engineering goods sector.
Petroleum exports have risen by 50% to $ 42 billionn while the trade gap is at $104.1 billion.
Sharma also expressed concern about recent slowdown in FDI inflow.
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First Published: Tue, Apr 19 2011. 04 35 PM IST
More Topics: India | Economy | Exports | Imports | Petroleum |