NEW DELHI: Exports in the first seven months of the current financial year have declined by 6.2% in dollar terms. These are placed at $9518.21 million ‘compared with $10106.11 million in April -October 1990.
‘There was an increase of 5.53% in exports to general currency areas at $8567.21 million in April October 1991 against $8118.11 million in the same months last year. Exports to rupee payment ‘countries on the other hand suffered a serious setback particularly because of the collapse of the Soviet market.
Exports to these countries in April-October 1991 detined by as much as 52.16% to $951 million from $1988 million in the Corresponding months last year according to trade data released on Friday by the ministry of ‘commerce.
Imports in April-October 1991 on the other hand declined by 17.39% to $10,860.37 million from $13147.27 million in the same months last year. Unlike exports there is no separate ‘breakup given for imports from general currency areas and rupee payment countries. recover deleted gopro files on mac
‘The trade deficit in April-October 1991 came down sharply to {$1342.16 million from $3041.16 million during the same months in 1990.
Under the new format trade statistics have been given both in dollar terms as well as in rupee terms. Exports to general currency areas and to rupee payment countries have also been compiled to “enable the reader to draw appropriate conclusions and avoid Statistical pitfalls’ the commerce ministry release claimed.
Inflation rate to 13%
NEW DELHI: After showing a decline for two consecutive weeks the annual inflation rate has once again shot up to above 13% On the basis of the wholesale price index for the week ended’ December 21 it was 12.6% against 128 in the previous week.
‘But the increase in issue prices ‘of wheat and rice in the last week ‘of December have led to the index for the week ended December 28 going up sharply by over two Points according to sources.
Article extracted from this publication >> January 24, 1992
