India's exports up by 23% in 2006-07

India's exports graph had shown a growth of 23.88 per cent during the previous fiscal according to a recently published provisional data for merchandise exports from Directorate General of Commercial Intelligence and Statistics.

The cumulative value of India's exports for the period April-March, 2007 was $124629.48 million ($ 124.6 billion) or Rs.563800.06 crore as against $100606.92 million ($100.6 billion) or Rs 445657.97 crore during the same period last year, indicating a growth of 23.88 per cent. 

Exports during the month of March 2007 were valued at $12583.58 million ($ 12.5 billion) or Rs.55400.45 crore compared with $10906.21 million ($ 10.9 billion) or Rs.48511.93 Crore in March 2006.

The cumulative value of India's imports during April-March, 2007 was US $ 181368.26 million ($ 181.3 billion) or Rs.820568.13 crore which was higher than imports at $140237.65 million ($ 140.2 billion) or Rs.620826.68 crore during April-March, 2006.

Imports during the month of March 2007 were valued at $16382.94 million (Rs.72127.53 crore) compared with $ 13811.65 million (Rs.61435.58 crore) in March 2006.

Crude oil imports were valued at $4597.64 million in March 2007 compared with $4202.92 million in the corresponding period last year thus registering a growth of 9.39

per cent.

Crude oil imports during April-March, 2007 were valued at $57271.10 million which was 30.31 per cent higher than Crude oil imports of $43951.27 million in the corresponding period last year.

Non-oil imports were estimated at $11785.30 million during March 2007 which was 16.55 per cent higher than growth on non-oil imports of $10111.47 million in March 2006.

Non-oil imports during April-March, 2007 were valued at $124097.15 million which was 24.74 per cent higher than the level of such imports valued at $99481.88 million in April- March 2006.

The trade deficit for April-March, 2007 was estimated at $56738.77 million which was higher than the deficit of $ 39630.72 million during April- March 2006.