March 11, 2013 5:25 PM

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India's exports grow by 4.25% in Feb to $26.2 bn

Growing for the second straight month, India's exports rose by 4.25 per cent to 26.26 billion dollars last month. The overseas shipments stood at 25.19 billion dollars during the same period last year. Talking to reporters in New Delhi Commerce Secretary S R Rao said that Europe is performing better and there is a slight improvement in demand.Exporting sectors which performed well include engineering goods, textiles, rice, oil meals, pharmaceutical and chemicals. Imports also rose by 2.6 per cent to 41.1 billion dollars in the month under review, leaving a trade deficit of 14.92 billion dollars. However, during the April-February period of financial year 2012-13, the country's overseas shipments declined by 4 per cent to 265.95 billion dollars. Imports during the 11-month period grew by a mere 0.25 per cent to 448 billion dollar, leaving a trade deficit of 182.1 billion dollars.

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