Given the severity of the global crisis, and the collapse of global trade after that, it’s hardly surprising that India’s exports have also taken a big hit. For the first time in nearly a decade, merchandise exports recorded a single-digit growth of 3.4 per cent in dollar terms to touch $168.7 billion in 2008-09 over the previous year’s $163.1 billion. Growth for services export also crashed to 12.4 per cent against 22 per cent in 2007-08. Exports for Information Technology (IT) and IT-enabled Services (ITeS) clocked a 14.6 per cent growth, significantly lower than the average of 30 per cent in the previous few years.

><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'><B>Aradhana Aggarwal:</B> Stunning success</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; '>In 2008-09, SEZ exports grew 10 times as fast as overall exports - this year, they

<b>Aradhana Aggarwal:</b> Stunning success

In 2008-09, SEZ exports grew 10 times as fast as overall exports - this year, theyve risen while overall exports fell

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