High raw materials prices down textile, clothing & MMF exports
23 Dec '05
2 min read
India's exports have continued on a double digit growth path with exports during April-November, 2005-2006 valued at US $ 57056.83 million which is 16.07 percent higher than the level of US $ 49156.24 million during April-November, 2004-2005.
In rupee terms, the exports were Rs.251173.34 crore, during April-November, 2005-2006 which is 12.25 percent higher than the value of exports during April-November, 2004-2005.
Exports during November, 2005 are valued at US $ 6163.92 million which is 11.38 percent lower than the level of US $ 6955.62 million during November, 2004. In rupee terms, the exports were Rs.28185.45 crore, which is 10.20 percent lower than the value of exports during November, 2004.
The slippage in November is due to sectoral factors – the shortfalls being primarily in engineering goods, textiles & clothing and gems & jewellery.
The value realisation in respect of primary steel products was adversely affected due to fall in international prices of primary steel products. According to engineering goods exporters, exports were also negatively impacted by service tax, fringe benefit tax etc.
In textile & clothing, manmade fibre (MMF) exports were affected by uncompetitively high prices of raw materials, while in gems & jewellery tightening round tripping is reflected in the data.
India's Imports during April-November, 2005-2006 are valued at US $ 84700.13 million representing an increase of 29.32 percent over the level of imports valued at US $ 65496.60 million in April-November, 2004-2005. In Rupee terms, the imports increased by 25.07 percent.
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