<p>Briefing reporters here Commerce Secretary Rahul Khullar said “Exports touched US$13.2 billion in November this year compared to US$11.16 billion in the same month last year. But still there is no great shift in global demand for Indian merchandise.” <br /><br />Negative zone<br /><br />Cumulatively country’s export growth rate during April-November in the current fiscal compared to the corresponding period in the previous fiscal continued to remain in negative zone. <br /><br />During April-October of current fiscal merchandise export declined by 26.5 per cent to US$90.4 billion. “We can expect overall cumulative growth rate of export to turn positive from January 2010 with the pick up of global demand for Indian products,” Khullar said.<br /><br />The surge export in November is due to improved performance in gems and jewellery, which grew by over 40 per cent to US$2.15 billion as against US$1.6 billion. While export of petroleum products improved to US$2.4 billion in November as against US$1.3 billion in the same month last year; export of ready made garments rose to US$727 million as against US$686 million in November last year. Though the overall export is expected to enter positive zone from January 2010, country’s total export may range between US$160 billion and US$165 billion in 2009-10 compared to 185 billion dollars in 2008-09.<br /><br />FDI inflows <br /><br />Meanwhile, Foreign direct investment (FDI) into India in the April-October period was $17.65 billion, down 5.7 per cent from $18.71 billion in the same period in 2008, government data said on Tuesday, reports Reuters.<br /><br />FDI flows in October were $2.332 billion, up from $1.497 billion in the same month last year, the data showed.<br /></p>
<p>Briefing reporters here Commerce Secretary Rahul Khullar said “Exports touched US$13.2 billion in November this year compared to US$11.16 billion in the same month last year. But still there is no great shift in global demand for Indian merchandise.” <br /><br />Negative zone<br /><br />Cumulatively country’s export growth rate during April-November in the current fiscal compared to the corresponding period in the previous fiscal continued to remain in negative zone. <br /><br />During April-October of current fiscal merchandise export declined by 26.5 per cent to US$90.4 billion. “We can expect overall cumulative growth rate of export to turn positive from January 2010 with the pick up of global demand for Indian products,” Khullar said.<br /><br />The surge export in November is due to improved performance in gems and jewellery, which grew by over 40 per cent to US$2.15 billion as against US$1.6 billion. While export of petroleum products improved to US$2.4 billion in November as against US$1.3 billion in the same month last year; export of ready made garments rose to US$727 million as against US$686 million in November last year. Though the overall export is expected to enter positive zone from January 2010, country’s total export may range between US$160 billion and US$165 billion in 2009-10 compared to 185 billion dollars in 2008-09.<br /><br />FDI inflows <br /><br />Meanwhile, Foreign direct investment (FDI) into India in the April-October period was $17.65 billion, down 5.7 per cent from $18.71 billion in the same period in 2008, government data said on Tuesday, reports Reuters.<br /><br />FDI flows in October were $2.332 billion, up from $1.497 billion in the same month last year, the data showed.<br /></p>
