India's merchandise exports grew by 36.3 percent to $16.9 billion in April as against 12.4 billion Dollars in the corresponding month a year ago. Commerce Secretary Rahul Khullar said that in April 2009, India's exports had contracted around 30 percent from the year-ago period.The country's imports also soared 43 percent to 27.3 billion dollars in April from 19.1 billion a year ago. With this, the trade deficit for the month went up to $10.4 billion against $6.7 billion in April 2009.The exports were in the red for 13 successive months, starting October 2008. They started turning positive in November 2009. Centre has set a target of $200 billion-worth merchandise exports for 2010-11 and wants to double the exports by 2014.
News On AIR | May 19, 2010 6:56 PM
India's merchandise exports up by 36.3 percent in April