IBEF:
 
New Delhi: India's exports grew at a rate of 11.5 per cent on a year-on-year basis in January 2010. Global trade in goods recovered in recent months, recording growth of nearly 5 per cent in December 2009, signalling increase in demand for India’s exports. India's exports stood at US$ 14.34 billion in January 2010 compared with US$ 12.86 billion in the same month a year ago. In November and December 2009, exports grew 18.2 per cent and 9.3 per cent respectively.

Furthermore, higher imports of inputs also point towards a strong revival of exports in the coming months. According to Ajay Sahai, Director General, Federation of Indian Export Organisations (FIEO), India's trade data shows that import growth is in tandem with the performance of the manufacturing sector which is growing at 15 per cent to 16 per cent.

As a major chunk of imports are used for our exports, the import growth seems to be healthy as it is likely to get translated into higher exports in the next quarter, said K T Chacko, Director, Indian Institute of Foreign Trade (IIFT).