April 02, 2012 / 11:31 IST
India's exports grew an annual 4.3% to USD 24.6 billion in February, while imports rose 20.7% to USD 39.8 billion, government data showed on Monday.
The trade deficit widened to USD 15.2 billion during the month from USD 14.8 billion in January, while exports between April and February grew 21.4% to USD 267.4 billion.Oil imports jumped 39.45% from a year earlier to USD 12.66 billion in February.India's overseas sales had surged at the start of the last financial year, but weakening demand from key export markets such as the United States and Europe in recent months has widened the country's trade deficit.Trade Secretary Rahul Khullar said last month India's trade deficit for the 2011-12 financial year that ended on March 31 would likely touch USD 175-180 billion from an earlier estimate of USD 160 billion. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
