New Delhi, Jan 03 (Agencies): India's exports in November rose by 26.5 per cent to USD 18.8 billion on year-on-year basis, prompting the government to exude confidence that the outbound shipments will touch USD 215 billion this fiscal.
Last November the exports stood at USD 14.9 billion.
Imports grew by 11.2 per cent in November to USD 27.7 billion. The trade balance in the month was USD 8.9 billion.
Commerce Secretary Rahul Khullar has said that India's merchandise exports would be around USD 210-215 billion in the current fiscal.
Earlier, the government had fixed an export target of USD 200 billion during 2010-11.
Imports during the first eight months of this fiscal stood at USD 221.9 billion compared to USD 179 billion in the corresponding period last year.
The trade deficit stood at USD 81.6 billion during April-November this fiscal.
Oil imports during November 2010 were valued at USD 7.7 billion, which was 2.31 per cent higher than oil imports valued at USD 7.5 billion in the corresponding period last year.
Oil imports during April-November 2010 were valued at USD 64.8 billion, which was 21.4 per cent higher than the oil imports of USD 53.4 billion in the corresponding period last year.
Non-oil imports during November 2010 were stood at USD 20.07 billion, which was 15.05 per cent higher than non-oil imports of USD 17.44 billion in November, 2009.
During April- November period 2010, non-oil imports stood at USD 157.11 billion, which was 25.04 per cent higher than the level of such imports, valued at USD 125.64 billion in the same period last fiscal.
Exports sectors, which performed well during April- November period, include engineering goods, petroleum and refinery items and cotton yarn.