March 10, 2011 1:05 PM

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India's exports up by 49.8 per cent in February

India's exports went up by 49.8 per cent year-on-year to 23.6 billion US Dollars in February on the back of increased demand from markets like North America, Asia and Africa. During April-February, 2011, the country's merchandise shipments grew by 31.4 per cent to 208.2 billion US Dollars, surpassing the export target of 200 billion US Dollars for the entire 2010-11 fiscal. Commerce Secretary Rahul Khullar told reporters in New Delhi, that India have crossed the USD 200 billion mark and the current forecast for the year is 230-235 billion US Dollars. Khullar said, imports also went up in February, rising by 21.2 per cent to USD 31.7 billion, leaving a trade gap of USD 8.1 billion. During April-February, 2011, imports grew by 18 per cent to USD 305.3 billion. During the 11-month period, the trade deficit amounted at USD 97.1 billion. Khullar added that, we will end up the fiscal closer to 350 billion US Dollars imports.

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