Country's exports grew by 0.8 per cent in January 2013 to 25.58 billion US dollars. Speaking to reporters in New Delhi, Commerce Secretary S R Rao said, exports had stood at 25.37 billion dollars in January, 2012. Mr Rao said, imports rose by 6.12 per cent to 45.5 billion dollars. He however said, during the April-January period of 2012-13, the country's overseas shipments shrunk by 4.86 per cent to 239.6 billion dollars. The Commerce Secretary said, imports during the period rose by 0.01 per cent to406.8 billion dollars and trade deficit during the 10-month period stood at 167.16 billion dollars. Mr Rao said,widening trade deficit is a cause of concern. He informed that crude oil imports are growing at a higher rate. Our Correspondent reports that oil imports in January grew by 6.91 per cent to 15.89 billion dollars from 14.87 billion dollars in the corresponding period last year.
News On AIR | February 13, 2013 9:08 PM
India's exports grow by 0.8% to USD 25.5 billion in January