india-news

Trade deficit narrows though export growth loses momentum : CII

New Delhi, Jan.10 : The December 2013 trade deficit for India came in at USD 10.14 billion versus USD 17.19 billion in the same month last year. The reduction was driven by a 15.25 percent fall in imports, which came in at USD 36.49 percent while exports grew at 3.5 percent to USD 26.35 billion.


Though exports rose 3.49 per cent from year-earlier levels to USD 26.35 billion but it seems to have lost momentum as exports had been growing at a double-digit rate until October.

"The economic conditions in the U.S. and the euro zone are not very favorable for exports and we hope the Indian government will help the exporters by providing help by way of including more products and countries for Focus Product Scheme and Focus market Scheme, where we have a comparative advantage," said Sanjay Budhia, Chairman, CII Export Committee.

"Also we need to relook at the duty drawback rates. These measures, if announced at the earliest will give the necessary push to the industry which can then benefit the industry and help them reach the export target," added Budhia.

--ANI (Posted on 10-01-2014)

india-news headlines

Modi gets more NO votes than Justin Bieber in TIME poll

I stand by my statement: Giriraj Singh

UPA's haste will destroy Lokpal credibility: Arun Jaitley

BJP moves EC against key appointments

Giriraj defiant even as BJP distances itself; Congress, JD-U move EC

Only Congress can ensure development, says Rahul Gandhi

No Modi wave, only Modi poison, says Jairam Ramesh

Akhilesh, Jaya Bachchan woo voters

India's democracy reaches out to lone voter in Gir forest (Election Special)

BJP distances itself from Giriraj; Congress slams remark

Beni calls Modi murderer, BJP says Congress campaign at nadir

Terror groups now pick sophisticated Indian-made arms, ammunition

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top