NEW DELHI, December 16 – FINANCIAL EXPRESS – According to the Indian traders depreciation of the rupee with respect to the dollar has made Indian agri-commodities and seafood more competitive in the global market. Anwar Hashim of Seafood Exporters Association of India (SEAI) feels that the depreciating rupee and good vanammei crop during the first quarter of 2012 may help Indian seafood exports to cross $ 4 billion in the current FY. During the last financial year India exported an aggregate value of $2,856.92 million. – ECONOMIC TIMES – According to GJEPC (Gems and Jewellery Export Promotion Council), India's gem and jewellery exports may maintain their 15 per cent growth trajectory to touch USD 49.5 billion in the 2011-12 fiscal, driven by an increase in prices of gold and diamonds. In the 2010-11 fiscal, these exports stood at USD 43 billion. During the April-November period this fiscal, gem and jewellery exports grew by 15.5 per cent to USD 29.1 billion in comparison to the same period last year. India mainly imports gold and rough diamonds in large quantities and re-exports value-added items like jewellery. – ECONOMIC TIMES – According to the Reserve Bank of India, India's services exports grew by two per cent year-on-year to $11.46 billion in October. The country's total receipts from services exported stood at $11.22 billion in September. Imports of services rose just 0.3 per cent in October to $6.82 billion, compared to $6.80 billion in September. Overall, the services sector contributes over 55 per cent of India's GDP. During the April-October period this fiscal, the country's cumulative exports of services amounted to $79.34 billion. Imports, meanwhile, stood at $47.55 billion during the first seven months of 2011-12.