The country's exports grew 4.3 per cent, year-on-year, to 24.6 billion dollars in February 2012. Imports rose 20.6 per cent in February, to 39.8 billion dollars, resulting in a trade deficit of 15.2 billion dollars for the month. Between April 2011 and February 2012, the country's exports increased 21.4 per cent, to 267. 4 billion dollars. Imports grew 29.4 per cent, to 434.2 billion dollars during this 11-month period, taking the trade deficit to 166.8 billion dollars. Stating that with a growth rate of 20 per cent, Commerce Secretary Rahul Khullar told reporters in New Delhi, that exports may reach around 300 billion dollars by the end of this fiscal.