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Exports up 4.3% in Feb, imports grow by 20.6%

Exports grew by 4.3 percent year-on-year to USD 24.6 billion, while imports increased by 20.6 percent in February, Commerce Secretary Rahul Khullar said on Friday.



New Delhi: Exports grew by 4.3 percent year-on-year to USD 24.6 billion, while imports increased by 20.6 percent in February, Commerce Secretary Rahul Khullar said on Friday.

Imports stood at USD 39.8 billion in February 2012, resulting in a trade deficit of USD 15.2 billion.

During April-February 2011-12, the country's exports increased by 21.4 percent to USD 267.4 billion.

Imports grew by 29.4 percent to USD 434.2 billion during the 11 months period, taking the trade deficit to USD 166.8 billion.

"We are getting a growth rate of 20 per cent. It looks like you'll get around USD 300 billion (by the fiscal end)," Khullar told reporters here.

PTI

From Zee News

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