Exports touch USD 16b in March PDF Print E-mail
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Written by Rasesh Tanna   
Thursday, 01 May 2008
The total Indian exports touched a figure of 16 billion dollars in March which is up 26% from the figure in February. This although wsa not enough to reach the target set by the government of 160 billion in the full year.

The all time high oil prices increased the imports figure to $235.91 billion in the fiscal year 2008. The trade deficit widened to 80 billion dollars which is a 35% increase from last year.

Bhaumik, the Chief economist at India's largest private group - RIL, said - "But 2008/09 would be the most difficult year for India's exports because of the global slowdown and exports will have to face the challenge of falling global demand."

Exports account for about 15% of GDP which is much less than other emerging countries like China.
 
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