January exports up by 11.5 %
India's exports have shown good performance in the last three months. From negative figures, they have now continued to show positive growth. During January, India's exports rose by 11.5 per cent and reached $14.3 billion.
This has been possible because of revival of demand in the US and European markets to where most of India's exports go. For the month of January the total export figures stood at $12.9 billion.
While revealing the figures, Commerce and Industry Minister Anand Sharma said that between the present and March 31, the growth in the export segment is going to strengthen further. This will also help in reducing the trade gap substantially.
Looking at the figures, the experts believe that this area is out of danger zone and that now better returns can be expected.
India's export had gone into negative during the recessionary phase for 13 months before the trend was reversed in November, 2009 when it grew by 18.2 per cent. For the month of December, the figure stood at 9.3 per cent.
But these levels are still lower than the pre-recessionary stages and it would be some time before that mark can be reached.