Dec. 20, 2006, 3:58AM
NEW DELHI — India's merchandise exports rose 34 percent in November from a year ago, the government said Wednesday, suggesting the outlook for the broader economy remains positive.
Exports totaled US$9.7 billion (euro7.4 billion) in November compared with US$7.2 billion (euro5.5 billion) in the same month a year earlier, according to provisional data released by the trade ministry.
During the first eight months of the current fiscal year that began in April, exports totaled US$80 billion, up 24 percent on year.
The latest data added weight to expectations India would meet its target of raising exports to US$125 billion (euro100 billion) this fiscal year.
http://www.chron.com/disp/story.mpl/ap/fn/4415197.html<snip> Also, the figures do not include export of services, including outsourcing jobs done by India's information technology companies, which is projected to touch US$35 billion (euro28 billion) this year.