06-15-2005, 03:56 AM
<b>Exports up 22.28% in May; trade deficit doubles </b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->New Delhi, June. 15 (PTI): India's exports grew 22.28 per cent in May 2005-06 but imports rose at a faster pace at 35.46 per cent, widening the trade deficit to 7.2 billion dollars in the first two months of the current fiscal.
Exports rose to 7.2 billion dollars during the second month of the new fiscal compared to 5.9 billion dollars in May 2004-05 while imports jumped to 10.8 billion dollars against 8 billion dollars during the same month a year ago.
Trade deficit during April-May 2005-06 more than doubled to 7.2 billion dollars from 3.3 billion dollars in the corresponding period last fiscal, as per the latest trade data released by the Government on Tuesday.
In rupee terms, exports during May 2005 rose 17.52 per cent year-on-year to Rs 31,404.91 crores.
<b>Exports during the first two months increased 19.81 per cent to 13.7 billion dollars as against 11.5 billion dollars in April-May 2004-05. </b>
Imports during the two months this fiscal were up <b>40.9 per cent to 21 billion dollars compared to 14.9 billion dollars in April-May 2004-05.</b>
<b>Oil imports in April-May this year surged 35.84 per cent to 6 billion dollars from 4.4 billion dollars a year ago, while non-oil imports jumped 43.10 per cent to 14.9 billion dollars compared to 10.4 billion dollars in April-May 2004</b>.
The Government had revised upwards the export target for this fiscal to 92 billion dollars from 88 billion dollars earlier after exports surpassed the 75 billion dollar target set for 2004-05 to touch 80 billion dollars during the year gone by
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Exports rose to 7.2 billion dollars during the second month of the new fiscal compared to 5.9 billion dollars in May 2004-05 while imports jumped to 10.8 billion dollars against 8 billion dollars during the same month a year ago.
Trade deficit during April-May 2005-06 more than doubled to 7.2 billion dollars from 3.3 billion dollars in the corresponding period last fiscal, as per the latest trade data released by the Government on Tuesday.
In rupee terms, exports during May 2005 rose 17.52 per cent year-on-year to Rs 31,404.91 crores.
<b>Exports during the first two months increased 19.81 per cent to 13.7 billion dollars as against 11.5 billion dollars in April-May 2004-05. </b>
Imports during the two months this fiscal were up <b>40.9 per cent to 21 billion dollars compared to 14.9 billion dollars in April-May 2004-05.</b>
<b>Oil imports in April-May this year surged 35.84 per cent to 6 billion dollars from 4.4 billion dollars a year ago, while non-oil imports jumped 43.10 per cent to 14.9 billion dollars compared to 10.4 billion dollars in April-May 2004</b>.
The Government had revised upwards the export target for this fiscal to 92 billion dollars from 88 billion dollars earlier after exports surpassed the 75 billion dollar target set for 2004-05 to touch 80 billion dollars during the year gone by
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