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In the Foreign Trade Policy of 2004-09, our honorable Commerce and Industry Minister, Shri Kamal Nath expressed his delight over the fact that merchandize exports have crossed the magic figure of 100 billion dollars. In fact, they have touched the auspicious figure of 101 billion dollars and that the annual growth rate is 23%.
India is increasing its international business i.e. export and import rapidly. Exports from many sectors have surpassed the expectations. Project goods exports grew at the rate of 173%.
Exports of non-ferrous metals, guar gum meal, computer software in physical form, rice, pulses, dairy products, recorded a growth surpassing 50%.
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