Exports and imports have registered increase narrowing the trade deficit. 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 have increased by 19.8 per cent to $37.8 billion in the month.This has left a trade deficit of $12.8 billion which stood at $13.6 billion in the import segment.During the first three quarters of the current fiscal, imports were up by 30.4 per cent to $350.9 billion. During April-December period of this fiscal, merchandise shipment grew by 25.8 per cent to $217.6 billion. Khullar expressed hope that it may touch $300 billion by end of the fiscal. AIR correspondent reports that India's trade deficit rose around 25.62 per cent to an estimated 116.84 billion US dollars in the first eight months of the current financial year from around $93.0 billion during April-November 2010-11.
News On AIR | January 16, 2012 1:52 PM
Exports sectors robust continues growth