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July 21, Saturday 2018 7:19 PM       

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       BUSINESS Next Article: Rupee hits near 5-yr low of 68.80 a dollar on macro worries  
       Exports seem to have good performance in June: Prabhu
 
         Posted on :01:02:56 Jul 3, 2018
   
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       Last edited on:01:02:56 Jul 3, 2018
         Tags: Exports seem to have good performance in June
 
New Delhi: Commerce Minister Suresh Prabhu today said early data indicate that exports have registered a "good performance" in June despite volatility in global markets. 
 
The official export numbers for the month of June will be released on July 15. 
 
"Despite huge volatility in global markets, when large exporting countries are facing challenges in exports, our exports for month of June again have registered good performance as per early compilation," Prabhu said in a series of tweets.
 
The country's merchandise exports recorded 20.18 per cent growth in May.
 
The minister said that to promote overseas shipments, they are also involving state governments.
 
"We are working on a holistic, comprehensive strategy to boost exports," he added.
 
In the last fiscal, the country's total merchandise exports grew by about 10 per cent to USD 303 billion.
 
Higher growth in outbound shipments helps create employment opportunities, earn foreign exchange and boost economic activities. 
 
Further commenting on the Nikkei India Manufacturing Purchasing Managers Index (PMI), he said: "Many steps initiated by us to increase manufacturing at all levels. Happy to see manufacturing PMI improved to 53.1 in June from 51.2 in May, led by robust domestic and external demand".
 
The country's manufacturing sector activity in June grew at the strongest pace this year, supported by rise in domestic and export orders, says a monthly survey.
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       BUSINESS
Next Article: Rupee hits near 5-yr low of 68.80 a dollar on macro worries
 
 
BUSINESS HEADLINES
HDFC Bank Q1 net up 18 pc to Rs 4,601 cr  
Rupee recovers from record lows, up 9 paise against US dollar  
Google to string undersea cable from France to Virginia  
Sensex slides 146 pts on profit-booking, political developments  
India prepared to impose 'safeguards' if steel imports rise: government source  
Nickel falls on lower demand  
May announces new 2 bn pounds UK-Italian fighter jet project  
Infosys shares soar 6% after Q1 earnings  
Rupee slips 6 paise against US dollar  
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar  
India to be $10 trillion economy by 2030: Garg  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
India to be $10 trillion economy by 2030: Garg  
Markets slip from record to end flat on profit-booking  
Markets slip from record to end flat on profit-booking  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
Retail inflation rises to 5 percent in June  
Retail inflation soars to 5% in June, IIP presides to 3.2% in May  
Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
Sensex nears all-time high; TCS shines on Q1 show  
Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
 
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