LD EXPORTS 2 LST

India's apex exporters body Federation of Indian Export
Organisations (FIEO) said the November data indicates the
adaptability of exporters to the changing global economy and
the positive impact of the stimulus extended by the
government.
FIEO President A Sakthivel hopes that the government
would continue with the stimulus, particularly interest
subsidy for exports.
Despite the positive growth, the country's overseas
shipments in the current fiscal are likely to remain much
lower than the USD 185 billion worth of shipments last year.
As per the FIEO estimates, exports in 2009-10 are
expected remain in the range of USD 165–170 billion.
Meanwhile, India's oil imports also turned positive after
13 months and increased by 7.3 per cent to USD 6.38 billion in
November compared to USD 5.95 billion a year ago.
The imports during April-November were USD 50.18 billion,
34.4 per cent lower than USD 76.52 billion in the year ago
period. The non-oil imports contracted by 5.9 per cent to USD
16.5 billion from USD 17.5 billion in November 2008-09.
As per the data, non-oil imports were 23.8 per cent
lower at USD 120.2 billion in April-November 2009-10 than the
USD 157.8 billion in the comparable figure last year.
Trade gap during the first eight months of the current
fiscal was USD 66.18 billion compared to USD 100.15 billion in
the same period last year. PTI