Indian exports uptrend

Exports from India during August 2013 stood at INR 165,202.15 crore (US$ 26.13 billion) with a growth of 12.97 per cent in dollar terms and 28.53 per cent in rupee terms as compared to INR 128,534.68 crore (US$ 23.13 billion) during August, 2012. Interestingly, cumulative exports for the period April-August 2013 stood at INR 724,733.44 crore (US$ 124.42 billion), filing a growth of 3.89 per cent in dollar terms and 10.67 per cent in rupee terms over the same period last year. While new markets like the Asia Pacific, Africa and South America have helped increase exports from India, signs of stability in economies like US, Europe and UK are encouraging for the growth in exports in the coming months.

Outbound shipment of goods from India is expected to grow nearly 24 per cent in the four months to December 2013 and by 16 per cent during fiscal year 2013-14. The Government of India is also planning to further extend incentives to those exporting sectors that are presently underperforming.