India's exports grew by a staggering 36.2 per cent in April to 16.88 billion US Dollars continuing its growth momentum for the sixth consecutive month. The government data released today in New Delhi showed, last April, exports had shrunk nearly 30 per cent to 12.4 billion US Dollars in line with a nine per cent contraction in global trade as a result of the global financial crisis. India's exports contracted for 13 straight months starting October 2008, before turning positive in November'09. Imports too increased in April by 43.3 per cent to 27.3 billion US Dollars from 19.05 billion US Dollars a year ago. Trade deficit for April was 10.4 billion US Dollars, against 6.7 billion US Dollars in the year-ago period. Oil imports increased to 8.08 billion US Dollars, against 4.74 billion US Dollars in April last year.
News On AIR | June 1, 2010 2:23 PM
India's exports grow by a staggering 36.2 per cent in April