| Date: |
06-04-2010 |
| Subject: |
February exports up 34.8% at $16.09 bn: Govt |
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NEW DELHI: India's exports rose an annual 34.8 percent in February to $16.09 billion, the fourth consecutive rise after 13 straight months of decline, the government said on Thursday.
Imports rose 66.4 percent from a year earlier to $25.06 billion.
Trade Minister Anand Sharma had given the data on Wednesday ahead of its official release.
The growth in February is from a lower base and helped by the government's assistance to certain sectors. It is also in line with a World Trade Organisation forecast of a global trade rebound this year.
The trade deficit stood at $8.97 billion in February.
Exports for April-February, the first 11 months of the 2009/10 fiscal year, were down 11.3 percent at $152.98 billion from the same period in the previous year.
Source : The Economic Times
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