March 2: India's exports jumped for a third straight month in January, rising 11.5 per cent from a year earlier as demand picked up in the United States and other major overseas markets, data showed Tuesday.
India's exports totalled 14.34 billion dollars in January, helped by demand for cars and jewellery, after growing by 9.3 per cent in December, figures from the commerce ministry showed.
Imports jumped 35.5 per cent from a year earlier to 24.7 billion dollars, reflecting buoyant domestic demand.
The better figures during the last three months showed India's export outlook was improving, analysts said.
"Our exports are coming out of the woods," Rakesh Mohan Joshi of the Indian Institute of Foreign Trade said.
Unlike China, where overseas sales have been a main growth driver over the past three decades, exports account for just 15 per cent of gross domestic product in India's still relatively inward-looking economy.
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