Published On : Thu, Jun 16th, 2016

No achche din for trade

June Trade
Nagpur:
India’s exports during March 2016 were valued at $22718.69 million (Rs.152264.96 crore) which was 5.47 per cent lower in dollar terms (1.45 per cent higher in rupee terms) than the level of $24032.55 million (Rs 150082.80 crore) during March, 2015.

Cumulative value of exports for the period April-March 2015-16 was $261136.80 million (Rs 1708841.43 crore) as against $310338.47 million (Rs 1896348.40 crore) registering a negative growth of 15.85 per cent in dollar terms and 9.89 per cent in rupee terms over the same period last year.

Non-petroleum exports in March 2016 are valued at $20639.78 million against $21386.48 million in March 2015, a reduction of 3.49 per cent.

Non-petroleum exports during April to March 2016 are valued at $231952.95 million as compared to $253544.33 million for the corresponding period in 2015, a reduction of 8.52 per cent.

The trend of falling exports is in tandem with other major world economies.

The growth in exports have fallen for USA (10.81 per cent), European Union (7.40 per cent), China (11.37 per cent) and Japan (12.85 per cent) for January 2016 over the corresponding period previous year as per World Trade Organization statistics.