India's exports grew by a mere 3.2 per cent year-on-year to 24.4 billion US dollar in April 2012 mainly due to demand slowdown in western markets like Europe. Exports stood at 23.6 billion US dollars in April last year . Imports during the first month of the current fiscal grew 3.8 per cent to 37.9 billion US dollars, leaving a trade deficit of 13.4 billion US dollar. The sectors which registered growth in April include engineering, electronics, pharmaceuticals and chemicals.
News On AIR | June 1, 2012 4:17 PM
West slowdown leads to meagre growth in India's Apr '12 exports