By IANS,
Brussels : Exports from the European Union (EU) to India shot up by 28 percent to 10.6 billion euros (about $13 billion) between January and April 2010, compared to 8.3 billion euros in the corresponding period last year, EuAsiaNews reported Friday.
Exports from India to the 27-member EU increased by 18 percent to 10.7 billion euros in January-April 2010, compared to 9.1 billion euros in the corresponding period last year, the EU’s statistical agency Eurostat said.
EU trade with all its major partners grew in January-April 2010, compared with January-April 2009, except for imports from the US (-10 percent).
The most notable increases were recorded for exports to Brazil (+46 percent), China (+43 percent) and Turkey (+40 percent), and for imports from Russia (+40 percent), India (+18 percent) and Turkey (+15 percent).
Meanwhile, India’s foreign direct investment in the EU increased to 3.7 billion euros in 2008 from one billion euros in 2007.
EU investments in India dropped to 3.3 billion euros in 2008 from four billion euros in 2007, according to Eurostat figures.