Published on Thu, Mar 10, 2011 at 12:47 | Source : Reuters
Updated at Thu, Mar 10, 2011 at 16:15
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February exports provisionally up 49.8% YoY
India's February exports were provisionally up an annual 49.8% at USD 23.6 billion, while imports rose 21.2% to USD 31.7 billion, Trade Secretary Rahul Khullar said on Thursday.
India's February exports were provisionally up an annual 49.8% at USD 23.6 billion, while imports rose 21.2% to USD 31.7 billion, Trade Secretary Rahul Khullar said on Thursday.
With February's data, Asia's third-largest economy has crossed its earlier annual target of USD 200 billion or 15% export growth for the current fiscal year, with one month to spare.
April-February exports were up 31.4% at USD 208 billion.
However, the government has lately raised concern about a ballooning trade deficit that could double in three years and cause an unsustainable current account deficit.
The trade deficit was at USD 8.1 billion in February.
