A day after healthy first quarter numbers on GDP growth and balance of payments brought cheer to the Indian economy, a commerce ministry statement today on exports growth rate dropping to 6.55 per cent in August 2002 came as a big dampener. Exports have been clocking two-digit growth rates in the first five months with even July exports registering a 17.74 per cent growth.
The poor August figures pulled down the average export growth in the first five months this year