Indian Export Figure grew by 3.2 per cent in April 2012
Economy Current Affairs 2012. The Indian export registered a moderate growth of 3.2 per cent in April 2012 at 24.5 billion dollar
The Indian export registered a moderate growth of 3.2 per cent in April 2012 at 24.5 billion dollar. The lower export growth rate largely reflects the declining demand of goods globally. The import over the same period of time also plunged which translated into reduced trade deficit at 13.2 billion dollar.
As per the provisional figures released by the Commerce Secretary, Rahul Khullar, exports in April, the first month of the fiscal 2012-13 amounted to 24.5 billion dollar. Imports for the month grew by 3.8 per cent to 37.9 billion dollar.
The lowering export figure is largely attributed to the serious demand problems and constraints in the Western markets, particularly in Europe, which is passing though its worst economic crisis.