January 16, 2012 2:19 PM

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Export sector's robust growth continues

The country's exports grew 6.7 per cent, year-on-year, to $25 billion in December 2011, Commerce Secretary Rahul Khullar said today. Imports increased 19.8 per cent, to 37.8 billion dollrs during December, leaving a trade deficit of 12.8 billion dollars.During the April-December 2011 period of this fiscal, merchandise shipments grew 25.8 per cent, to $217.6 billion. Imports rose 30.4 per cent, to $350.9 billion during this nine-month period, and the trade deficit stood at $133.3 billion.Khullar told reporters that exports might touch $300 billion by the end of the fiscal.

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