Indian exports grew by nearly 50 percent in February

March 10th, 2011 - 8:20 pm ICT by ANI  

New Delhi, Mar 10 (ANI): Commerce and Industry Secretary Rahul Khullar today said that India’s exports have registered a growth of 49.8 per cent during February 2011, at 23.6 billion dollars.

Talking to reporters, Khullar said that during the period April-February 2010-11, exports have reached a level of 208.2 billion dollars at a growth of 31.4 per cent while the imports were 305.3 billion dollars with a growth of 18 per cent and a trade deficit of 97.1 billion dollars.

Khullar also informed that India’s imports in February 2011 were 31.7 billion dollars. He further clarified that the import figures are only the rough estimates and the final figure is subject to change.

On the export growth, Khullar said that we have crossed 200 billion dollars during February and our forecast for this fiscal would be around 235 billion dollars.

He also stated that exports from the Special Economic Zones (SEZs) are doing very well and it is expected a huge growth from SEZs.

Khullar further said that exports of cotton yarn, iron ore and fruits and vegetables are on the negative growth because of ban on exports on these sectors. (ANI)

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