export sector turns positive after 13 months

The new yr began on a cheerful note for India's exporting sector, as consignments turned positive after 13 months, growing by 18.2% in nov.
Exports in nov 2009 increased to $13.9 billion from $11.6 billion a year ago marking a trend reversal of decline that had set in since oct 2008 due to widespread recession. imports remained in the negative zone declining by 2.6% to $22.88 billion, leading to a lower trade gap of $9.69 billion during the month against $12.32 billion in nov2008.
however, the import contraction in nov was much lower than 15% in oct, signifying pick up in the economic activity. for the pril-nov, exports dropped by 22.3%, much lower than 26% gap up to oct this fiscal.
while exports have turned positive doe to low base of last yr, experts cautioned against complacency.