India's exports grew by 32.2 percent in the first quarter of the current fiscal while the growth in June 30.4 per cent. Briefing media Commerce Secretary Mr. Rahul Khullar said it is good news but still not great news. The exports during June were to the tune of 17.75 billion dollars. The imports increased by 23 per cent to 28.3 billion dollars and the trade deficit was 10.55 billion dollars. As far as the cumulative growth in the first quarter of the current fiscal is concerned exports stood at 50.8 billion showing a growth of 32.2 per cent over the same period last t year. While imports during the period went up by 34 per cent, the trade deficit was 32.2billion dollars. Our correspondent says that in June last year exports had shrunk by 27.7 per cent under the impact of global economic melt down. Mr. Khullar said that while the exports have recovered following turnaround in the global economy, they are still below the level of 2007-08 and first half of the 2008-09.