Readymade exports grow 1.4% in quantity terms in 2002-03

Putting up a dismal performance, readymade garments exports grew by mere 1.4 per cent in quantity terms at 1, 285.1 million pieces in 2002-0...

Putting up a dismal performance, readymade garments exports grew by mere 1.4 per cent in quantity terms at 1, 285.1 million pieces in 2002-03 as against 1, 267.4 million pieces in the last financial year.

However, exports rose by 7.92 per cent in value terms at $47.7 billion in 2002-03 as against $44.2 billion in 2001-02. This was only 79.5 per cent of the 2002-03 target of $60 billion.

Exports to quota countries during the fiscal 2002-03 rose by 16.70 per cent in value terms at $44.878 billion in comparison to $38.457 billion in fiscal 2001-02. Garment exports to quota countries rose by 17.77 per cent in terms of value at $401.7 million in March 2003 as against $341.1 million last year.

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Inflation dips to 6.17%

New Delhi: THE inflation rate slipped to 6.17 per cent in week ended April five from the 2-year high of 6.24 per cent a week ago, despite rise in prices of fruits and vegetables, edible oil, cement and transport equipment.
Sharp fall in prices of naphtha, furnace oil, textile products, paper and machine tools checked the continuous rise in inflation, which was only 1.5 per cent a year ago.

Economists say the inflation might come down in the coming weeks if fuel prices fall in tandem with global oil prices. But they warned that the truckers’ strike, which was blocking the supply of essential items, would lead to higher inflation.

‘‘Inflation rate for week ended April 20 would definitely reflect the rise in prices of food and other essential items due to the truckers strike,’’ ICRA’s Chief economist Saumitra Chaudhuri said. The final inflation rate stood at 5.35 per cent compared to the provisional figure of 5.04 per cent. PTI

However, in quantity terms, they rose only by 2.89 per cent at 106.8 million pieces as against 103.8 million pieces in March, 2002. Apparel Exports Promotion Council data stated, exports to US during April-March 2002-03 amounted to 424 million pieces valued at $21.075 billion, witnessing a growth of 28.91 per cent in terms of quantity and 16.93 in value.

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Exports of readymade garments to EU during April-March 2002-03 amounted to 712.3 million pieces valued at $21.77 billion, witnessing a rise of 2.73 per cent in terms of quantity and 19.49 per cent in terms of value.

It saw a rise of 18.06 per cent in value terms at 389.8 million pieces in January-March, 2003 and 34.72 per cent in dollar terms at $14.88 billion. Exports to US during the first three months of the calender year amounted to 122.8 million pieces valued at 632.1 million.

‘Why weren’t TVK leaders told it wasn’t right day for a big event’: Cong MP Jothimani

Political Pulse5 hr ago

A stampede at TVK founder Vijay's rally in Karur led to the death of 40 people and injuries to many. Congress's Karur MP Jothimani identifies overcrowding, poor planning, and the timing of the event as possible causes. She recommends setting clear guidelines for political gatherings and consulting all parties to prevent similar tragedies.

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