India's exports grew by an impressive 46.45 per cent to USD 29.21 billion in June, 2011, despite uncertainty in the US and European markets.
Merchandise exports aggregated to USD 19.94 billion in June, 2010.
During the April-June quarter, overseas shipments grew by 45.7 per cent to USD 79 billion, according to Commerce Ministry data released today.
Though most sectors posted robust expansion -- be it petroleum products, ready-made garments, engineering or pharmaceuticals -- Commerce Secretary Rahul Khullar sounded a cautionary note, saying that news from the largest two markets -- the US and Europe -- "is far from cheerful... Summer is not over. It is still not going to be easy".
The US and Europe together account for about 35 per cent of the country's exports, which stood at USD 246 billion in 2010-11.
From: http://ping.fm/n4sOJ
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