India’s exports up 23%

Monday, 1 November 2010 20:48 - - {{hitsCtrl.values.hits}}

(Reuters) - India’s exports rose for the eleventh straight month in September, growing an annual 23 percent to $18.02 billion, government data on Monday showed.

Imports for the month rose 26 percent to $27.14 billion, narrowing the country’s trade deficit to $9.12 billion, its lowest in six months.

Exports during the April-September period, the first half of the current financial year, rose 28 percent to $103.65 billion.

Asia’s third-largest economy is targeting close to 15 percent export growth in the current fiscal year, following a drop of 4.7 percent in the 2009/10 fiscal year as the global financial crisis-led slowdown crimped demand.