Growth in exports in dec 2009

At last our stimulus packages are producing results. Growth in exports and imports for the second consecutive month is welcoming phenomenon to our developing economy. These figures showing the early recovery of India (form recession) comparing to developed countries. Growth in exports reduces the trade deficit and also increases the Forex reserves. Growth in imports leads to growth in manufacture sector and generates employment opportunities. Most of our companies in steel,cement,fertilizers etc sectors use crude oil products as their fuel. So growth in imports of oil products (42.8% in December 2009) means increase in production in these (cement,steel,fertilizers) sectors. It finally leads to growth in construction and infrastructure sectors, which are labour intensive sectors. So there will be increase in employment opportunities. If it continues for the next 2-3 years, then we can achieve our double digit growth

target.