During January 2013, India’s exports expanded marginally by 0.8 percent to $25.6, ending eight straight months of decline. During the same month, imports grew 6.1 percent to $45.6 billion, data from the union commerce ministry shows.
It is learnt that that marginal rise in exports is in line with the trend of the pace of contraction slowing down over the past few months as traders have responded by improving competitiveness and the government has also offered sops to boost shipments from the country.
A Sakthivel, head of the Apparel Export Promotion Council said for the past few months apparel traders have responded by improving competitiveness and are seeking new markets along with offering new products.
Leave a Reply
You must be logged in to post a comment.