| Date: |
03-04-2010 |
| Subject: |
Imports in Feb rise 66% to $25 b |
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New Delhi, April 2 Imports during February were $25 billion, up 66.4 per cent over $15 billion in the same month in 2009.
Of this, non-oil imports, including capital goods were up 55.6 per cent to $17.4 billion ($11.2 billion), .
The rise in imports resulted in trade deficit nearly doubling to $8.96 billion.
Oil imports
Oil imports during the period were $7.63 billion, 97.4 per cent higher than $3.87 billion in February 2009.
Trade deficit for April 2009-February 2010 was $95.42 billion, lower than $114.72 billion last year.
Exports up 34%
Due to the demand revival in overseas markets, exports rose 34.8 per cent to $16.09 billion ($11.9 billion).
However, the cumulative value of exports for April 2009 to February 2010 declined 11.3 per cent to $152.98 billion ($172.38 billion).
Source : Business Line
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