Economy

India misses export target in FY15

A view of container terminal at V.O. Chidambaranar Port Trust in Tuticorin. Photo: N.Rajesh

A view of container terminal at V.O. Chidambaranar Port Trust in Tuticorin. Photo: N.Rajesh  

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India had set a target of $340 billion for 2014-15.

Indian exports, at $310.5 billion for 2014-15, missed the annual target by 11.52 per cent as March quarter shipments saw a steep fall of 21.06 per cent.

India had set a target of $340 billion for 2014-15.

Compared to previous fiscal, exports in 2014-15 are also down by a marginal 1.23 per cent.

Imports too dipped by 0.59 per cent to $447.5 billion in 2014-15, leaving a trade deficit of $137 billion in the last fiscal.

In March, exports dipped by 21.06 per cent year-on-year to $23.95 billion. Imports contracted by 13.44 per cent to $35.74 billion, leaving a trade deficit of $11.79 billion.

Gold imports during the month, however, almost doubled to $4.98 billion.

Oil imports declined by 52.68 per cent to $7.41 billion in March.

Oil imports during April-March 2014-15 were valued at $138.26 billion which were 16.09 per cent lower than $164.77 million in the corresponding period of previous fiscal.

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Printable version | Dec 14, 2019 6:02:39 AM | https://www.thehindu.com/business/Economy/india-misses-export-target-in-fy15/article7113843.ece

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