May 12, 2011 6:11 PM

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India's exports grew by an annualised 34.4 per cent to 23.9 billion dollars in April maintaining a tempo of the last financial year despite a decline as compared to 44 per cent growth in March.Imports, for the opening month of the fiscal 2011-12, were up 14.1 per cent to 32.8 billion dollars leaving a trade gap of 8.9 billion dollars. Releasing the trade data in New Delhi today, Commerce Secretary Rahul Khullar said, though the growth in April was lower than March, it was not a big concern. The country's total merchandise exports aggregated 246 billion US Dollars growing by an impressive 37.55 per cent in the previous fiscal.Imports came down by over 21 percent in the fiscal 2010-11.They stood at 350 billion dollars.

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