6.1.12

Trade snippets

With slowdown in key markets like Europe and the US hitting demand, India’s exports grew at their slowest pace in two years in November 2011. According to data released by the commerce and industry ministry, exports grew 3.8% to $22.3 billion in November against $21.49 billion in the same year-ago month. Imports were up 24.5% at $35.92 billion compared to $28.84 billion in November 2010. Officials say exports for the current fiscal will be around $280 billion although Europe is a cause for concern.

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