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Exports grow for first time in November in over a year

Published: Tuesday, Dec 15, 2009, 18:22 IST
Place: New Delhi | Agency: PTI

India's exports turned around in November after falling for 13 straight months, posting a growth of 18% to touch USD13.2 billion, but the expansion was attributed to base effect.

There is no "great shift in demand, it (growth) is because of base effect," commerce secretary Rahul Khullar told reporters.

Among the sectors that performed well during November were gems and jewellery, which grew over 40% to USD2.15 billion, readymade garments to USD727 million from USD686 million a year ago, besides man-made fibre and petroleum products.

During April-October of the current fiscal, the country's merchandise consignments dropped by 26.5% to USD90.4 billion.

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