Indian exports’ growth lowest in 2 years
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Exports grew by 10.8 per cent to 19.9 billion US dollars in October this year. This is the lowest in the last two years.
According to preliminary data released today, pushed by expensive crude oils and vegetable oils, imports grew at a faster rate of 21.7 per cent to 39.5 billion dollars leaving a trade deficit of 19.6 billion US dollars.
Experts believe this is the impact of Euro Zone Crises.
However, the cumulative growth of exports from April-October period, exports aggregated to 179.8 billion dollars showing a handsome growth of 46 per cent, thanks to sterling trend witnessed in the previous months of the current fiscal.
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