Exports and imports are on constant increase indicating good health of Indian economy. Talking to newsmen in New Delhi today Commerce Secretary Rahul Khullar said that exports grew by 6.7 per cent year-on-year to $25 billion while imports had increased by 19.8 per cent to $37.8 billion in the month.This has left a trade deficit of $12.8 billion. During April-December period of this fiscal, merchandise shipment grew by 25.8 per cent to $217.6 billion. Mr. Khullar expressed hope that it may touch $300 billion by end of the fiscal.AIR correspondent reports that during the first three quarters of the current fiscal, imports were up by 30.4 per cent to $350.9 billion. The trade deficit stood at $133.3 billion during the period.
News On AIR | January 16, 2012 2:13 PM
Export sector's robust growth continues