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NEW DELHI, Jan 2 Asia Pulse - A 29 per cent growth in imports during November last year took the sheen off a sustained recovery in exports, which booked an impressive increase of 16 per cent to US$4.13 billion.
Commerce and Industry Minister Arun Shourie said the growth in exports was commendable, but warned that the industry still has a long way to go in improving its competitiveness, particularly in comparison to countries such as China.
As per provisional trade data released today, exports during the April-November 2002 period registered an impressive 15.65 per cent growth, as imports posted an 14.25 per cent increase during the same period.
The increase in imports during the period could ...