New Delhi: The export growth is sustainable in the coming months, Trade Minister Anand Sharma told reporters on Wednesday.
On Tuesday, Trade Secretary Rahul Khullar said India's November exports rose an annual 18.3 percent to $13.2 billion, the first rise after 13 straight months of decline, adding to the optimism that a firm recovery in industrial output is under way.
Although the growth in exports was largely attributed to base effect - weak numbers in the year-ago period that tend to exaggerate growth now - the industry leaders said it was one of the positive fall-outs of the government's stimulus measures.
The economy expanded by 7.9 percent in the second quarter of the current fiscal.
Exports started falling in October last year following deepening of global financial crisis post-Lehman Brothers collapse. This coupled with recession in developed markets saw India's exports taking a severe beating.
The impact of falling demand felt the maximum in May this with exports declining a steep 39 per cent.
Bureau Report
First Published: Wednesday, December 16, 2009, 13:53