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click here to return to main page of Annual Policy Statement for the Year 2005-06
Highlights of Annual Policy Statement for the Year 2005-06
External Developments
Exports in US dollar terms increased by 27.1 per cent while Imports by 36.4 per cent leading to widening of trade deficit to US $ 23.8 billion during 2004-05 (upto February).
During 2004-05 (April-December), current account showed a deficit of US $ 7.4 billion as against a surplus of US $ 4.8 billion in the corresponding period of the previous year,
Net accretion to foreign exchange reserves, including valuation changes, amounted to US $ 18.2 billion during April-December 2004.
Indian foreign exchange market witnessed orderly condition with rupee exhibiting two-way movements.
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