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Wednesday, February 10, 2010

Exports pegged to grow at 8%

INDIA'S exports are estimated to have grown by 8% to $14 billion in January, retaining the positive trend for the third month in a row after contraction of 13 months. "In January, I expected exports to be $14 billion," the commerce secretary Mr. Rahul Khullar told reporters on Tuesday.

The country's export which came under severe pressure due to global slowdown after October 2008, had aggregated at shade lower than $13 billion in January 2009. In the backdrop of exports moving in tandem with a smart economic recovery, Mr Khullar asked exporters and the industry to expect partial withdrawal of fiscal stimulus.

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