Export growth slows to 10% in September

Export growth slows to 10% in September


New Delhi: Global economic slowdown has had its impact on India’s export growth, which slowed to 10.4% in September to $13.74 billion.

Imports in September jumped 43.3% to $24.38 billion mainly on account of oil imports costing more.

Oil imports during September were billed at $9.09 billion, up 57.1% from $5.79 billion in the corresponding period a year ago.

Non-oil imports during the month were estimated at $15.28 billion, which were 36.2% more than $11.21 billion in the same month last year.

Country’s cumulative exports for the first six months of this fiscal stood at $94.97 billion, against $72.55 billion, registering a growth of 30.9%, over the same period last year.

The trade deficit for April-September, 2008 widened to $59.77 billion, from $39.09 billion during the period last year.

Oil imports during the period stood at $55.06 billion, 59.2% up from the corresponding period last year. Non-oil imports stood at $99.68 billion, up by 29.3% from $77.06 billion in the same period last year.