August 1, 2011 1:53 PM

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India's exports were up 46.5 per cent and reached 29.21 billion dollar in June this year, a government data said today. Imports grew by 42.4 per cent to 36.8 billion dollar in June. The trade deficit narrowed to 7.6 billion dollar in the same period. The trade deficit was close to 15% in the month of May. The cumulative exports for April-June quarter grew 45.7 per cent to 79 billion dollars, according to the trade data.Exports posted an impressive growth, mainly due to better performance of petroleum products, ready-made garments, engineering or pharmaceutical sectors. The growth in exports was high despite slow economic recovery in the US and debt crisis in the European economies which together account for 35 per cent of India's exports.

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