Exports grow by over 30 pc in June

New Delhi, July 19 (PTI) India's exports grew by a
healthy 30.4 per cent in June to USD 17.75 billion, Commerce
Secretary Rahul Khullar said here on Monday.
In June 2009, exports had shrunk by 27.7 per cent to USD
12.81 billion under the impact of global slowdown.
Imports increased by 23 per cent to USD 28.3 billion in
June this year and the trade deficit for the month was USD
10.55 billion.
"It is good news but still not great news," Khullar told
reporters, adding that the exports have still not reached the
level of the pre-global economic crisis period.
In June 2008, the country's exports were USD 19.2
billion.
In the first quarter ended June this fiscal, exports
stood at USD 50.8 billion showing a growth of 32.2 per cent
over the year ago period.
Imports during the period grew by 34 per cent to USD 83
billion leaving the country with the trade deficit of USD 32.2
billion.
The global economy slipped into major crisis from
September-October 2008, impacting India's exports particularly
to the developed markets.
While the exports have recovered following turnaround in
the global economy, they are still below the level of 2007-08
and first half of the fiscal 2008-09. PTI