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November exports up at $18.9 billion

Commerce Secretary Rahul Khullar, while declaring the figures for November, said India is likely to end 2010-11 with a 'manageable' trade gap of $120 billion.

twitter-logo PTI   New Delhi     Last Updated: December 9, 2010  | 15:19 IST

India's exports in November rose 26.8 per cent to $18.9 billion year-on-year, prompting the government to exude confidence that the outbound shipments will touch $215 billion this financial year.

"Exports are doing pretty well...At this rate, four months from now it (total exports) could be in the range of $210-215 billion," Commerce Secretary Rahul Khullar told reporters in the national capital on Wednesday.

This is higher than the target of $200 billion set by the government for 2010-11.

Khullar added the November figures may be "revised upwards" as more export numbers would be coming in.

During the April-November period, exports were worth $140.3 billion.

Imports also grew 11.2 per cent in November to $27.8 billion. The trade balance in the month was $8.9 billion. Khullar said India is likely to end the financial year with a trade gap of $120 billion, which he said is "manageable".

Exports sectors which performed well during April-November period include engineering goods, petroleum and refinery items and cotton yarn.

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