The country’s export earning in July-November, the first five months of current financial year 2013-14, increased by 18.46 per cent to $12 billion from that of $9.70 billion in the same period of the FY13. The export earning growth in July-November in the FY13 was 4.36 per cent.
According to the data of Export Promotion Bureau, which is to be released today, the export earning in November accounted for $2.2 billion with 26.26 per cent growth against $1.76 billion in the same period of the previous financial year.
The export earning growth in November in the FY13 was 10.93 per cent and it was 11.35 per cent lower than its target of $1.99 billion.
The EPB data showed that after a very thin growth in October, the export earning rebounded in November and exceeded its export target by 6 per cent.
The export earning growth in October was lowest in 14 months to 2.03 per cent while in November the second highest export growth was achieved in the first five months of current financial year. The highest growth was 36.26 per cent in September, the third month of the financial year 2013-14.
While talking to New Age, a senior EBP official termed the export growth in November encouraging. The export growth amid continued political unrest indicates that it will be possible to achieve the export target of $30.5 billion for the current financial year.
-With New Age input
