EXPORTS 2LST

On the "modest" USD 200 billion target for the ongoing
fiscal, apex exporters body FIEO said that it would not be
difficult to achieve.
The FIEO also expressed concern on the poor performance
of several sectors.
An international trade expert with the premier Indian
Institute of Foreign Trade, Rakesh Mohan Joshi, said, "The
government should provide incentives to such sectors."
In 2009-10, engineering exports contracted by 21 per cent,
electronic goods by 13 per cent, oil meals by 26.3 per cent,
handicrafts by 41.2 per cent and apparels by 6.7 per cent.
Sectors, which performed well include iron ore (27.4 per
cent), tobacco (20.6 per cent), tea (2 per cent), man-made
yarn (15.1 per cent) and plastic and linoleum (4.3 per cent).
Imports too picked up in March and increased to USD 27.73
billion from USD 16.6 billion year-on-year.
Imports of vegetable oil grew 70.5 per cent, pulses by
65 per cent, project goods by 54 per cent and gold and silver
by 22.4 per cent in the month under review.
However, petroleum products imports declined by 8.75 per
cent to USD 87.5 billion from USD 97.3 billion.
Transport machinery and electronic goods imports dipped
by 46 per cent and 11 per cent respectively. PTI NKD
RDM


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