Multiple choice

Which of the following trade figures declined in 2009-10 as against 2008-09 according to the provisional data released by Ministry of Commerce and Industry in May 2010?

  1. Exports

  2. Imports

  3. Oil imports

  4. Non-oil imports

  5. All the above

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

India's exports in the financial year 2009-10 (April-2009 to March-2010) were US $ 176574 million (Rs 835264 crore) as against US $ 185295 million (Rs. 840754 crore) in 2008-09, registering a negative growth of 4.7 per cent in Dollar terms and 0.7 per cent in Rupee terms over the same period last year, according to the provisional data released by Ministry of Commerce & Industry on May 10, 2010. India's imports in the financial year 2009-10 were US $ 278681 million (Rs. 1318188 crore) as against US $ 303696 million (Rs. 1374434 crore) in 2008-09, registering a negative growth of 8.2 percent in Dollar terms and 4.1 percent in Rupee terms over the same period last year. Oil imports during the financial year 2009-10 were valued at US$ 85473 million which was 8.7 per cent lower than the oil imports of US $ 93667 million in the corresponding period in 2008-09. Non-oil imports during 2009-10 were valued at US$ 193208 million which was 8.0 per cent lower than the level of such imports valued at US$ 210029 million in April 2008- March, 2009. The trade deficit for 2009-2010 was estimated at US $ 102106 million which was lower than the deficit of US $ 118401 million during 2008-2009.