India's exports up 11.5 pc in January 2010

New Delhi : The exports of India is increasing, in January 2010 export rose to 11.5 per cent at $14.3 billion according to government reports. There is also little rise in the imports from various countries. The rise in the exports always considered as the best way to tackle the trade deficit. The imbalances in the trade lead to wide trade deficit, which ultimately be the cause for the capital flight from a nation to another.

The exports rise is the best when the country is back on track from the clutches of global downturn. India has been the a best exporter to the countries of the world including major economies like US and China. And importer of goods from these two countries - US and China too. In January the trade deficit is at $10.4 billion comparing to the last year's statistics of $5.4 billion. It is expected that this time the EXIM policy will have some new concepts.

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India's Trade Deficit - Export & Import falls by 21.26 per cent

The trade deficit, termed as the difference between export and import, has fell by 21. 26 per cent in December 2009. The economic slowdown has affected the import of foreign goods to India. There has been significant change in the import of the foreign goods.

There is dip in the imports in Indian economy and other other hand there is rise in the exports. This is positive sing of recovering from the clutches of the economic slowdown. According to The Financial Express, merchandise imports to the country dipped to just 2.6% during November, the least in the last 11 months, to $22.9 billion. The export and import sectors of India were affected due to the global slowdown, which affected the Balance of Payments(BoP) as well.

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Exports may reach $500 billion in five years

Good news - Indian exports are like to touch the $500 billion mark in the next five years, if every thing goes well, according to media reports. In order to reach the figure mark special attention should be given on labour oriented sectors says the Confederation of Indian Industry (CII). Currently, India's exports account for just 3.5 percent of Africa's total import demand and just 0.7 percent of import demand of Latin America and Carribbean countries. CII indicated that there was need for a combination of policy initiatives, technology infusion, infrastructure improvement, access to markets, innovation in product development in scale of production. The exports of $126 billion was recorded in the year 2006-07 and it is expected that it would rose to $155-160 billion in the current year 2008. Whereas, the Foreign Trade policy (2004-09) expects exports could touch the mark of $200 billion in the current fiscal.

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