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India's April-May exports up 10.46% at $7.45 billion

An increase of 10.46 per cent in exports and a decline of 3.69 per cent in imports resulted in a sharp drop in India's trade deficit in April-May period of the current financial year.

Exports during April-May 2002-03 were valued at $7.450 billion showing an increase of 10.46 per cent over $6.744 billion dollars in the corresponding period of last year.

Imports in the period under review amounted to $8.445 billion representing a decline of 3.69 per cent over $8.768 billion in April-May,2001-02.

Trade deficit for the period was estimated at $994.94 million against $2.024 billion in April-May 2001-02.

Exports in May were of the order of $3.769 billion, up 3.85 per cent from $3.629 billion, recorded during the same month last year.

Imports during May totalled $4.406 billion registering a decline of 5.74 per cent over the level of $4.674 million in the same month last year.

UNI

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