New Delhi: Continuing the fast paced growth of the previous fiscal, Indian exports have registered a growth of 34.42 percent in April 2011. The country is said to have exported goods worth USD 23.8 billion.

However, export might fall in the month of July owing to dismal performance of the European and American markets.


According to the trade data released on Wednesday, the growth rate of imports remained very slow during the month of April. 

Imports jumped 14.1 percent at USD 32.8 billion in April. The fast growth rate in exports in comparison with imports is a good sign for India’s current account deficit.

However, exporters are not happy with the fast growth in exports.

Officials of Federation of Indian Export Organisations (FIEO) said, “We are not certain whether the Duty Entitlement Pass Book (DEPB) scheme will continue. Presently, uncertainty is prevailing for the scheme.”

Apart from this, the rising interest rates have made debt expensive for exporters.

Commerce Secretary Rahul Khullar said that the last year growth rate in exports might not continue this fiscal.

The demand in the global market has fallen. If the American and European economies don’t recover they may witness a fall in export.

 

(JPN/Bureau)