New Delhi, Sept 02: Indian exports grew 5.75 per cent in July to $4.68 billion from $4.43 billion a year ago, the Commerce and Industry Ministry said on Monday. Indian exports have been growing strongly in recent months, logging 10.95 per cent growth in June and 13.53 per cent in May. July is the first month when growth was not in double digits.
Economists expect the momentum to continue in the months ahead because of an expected revival in the global economy but Indian industry groups say exports could become uncompetitive because of the rising rupee against the dollar.
Exports between April and July jumped 9.29 per cent to $17.78 billion from $16.27 billion in the year-ago period.

India has set a modest 12 per cent annual export target for the year to March, 2004, despite 18 per cent growth in the previous year, because of worries about global economic recovery and the weakening of the US dollar.
Strong exports help domestic firms use idle capacities built up during years of robust growth in the 1990s and boost overall growth. Exports account for nearly 10 per cent of India's GDP, which is Asia's third largest economy after Japan and China. Bureau Report