- India is one of the six countries that are exporting more than before in a global slowdown
- The US bought the maximum goods and services from India, mainly steel and medicines. India's merchandise exports to it grew by a quarter in 2002, faster than ITES exports. Result: huge trade surplus of $10.6 billion for India.
- The strong export growth reflects the firm recovery in manufacturing sector (steel and engineering) and new areas (pharma and automobiles).
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