India exports up 32.4 percent

NEW DELHI : India 's exports in January rose an annual 32.4 percent to $20.6 billion, while imports for the month rose
01 Mar, 2011

India's trade deficit in January widened to $8 billion compared with $2.6 billion in December.

Exports in April-January exports rose an annual 29.3 percent to $184.6 billion.

Oil imports for January fell 7.8 percent to $7.9 billion.

Asia's third-largest economy is on track to exceed a target of close to 15 percent export growth in the current fiscal year.

But the government has lately raised concern about a ballooning trade deficit that could double in three years and cause an unsustainable current account deficit.

Copyright Reuters, 2011

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