India’s April exports rose 34 percent to $23.9 bn

May 12th, 2011 - 6:01 pm ICT by IANS  

New Delhi, May 12 (IANS) India’s exports in April grew at a strong 34.4 percent at $23.9 billion, while the trade deficit for the month stood at $8.9 billion, a top official of the commerce and industry ministry said Thursday.

Imports in April rose by 14.1 percent to $32.8 billion, Rahul Khullar, Commerce Secretary told reporters here.

During the month, engineering exports grew a whopping 109 percent, electronic goods by 48 percent, gems and jewellery by 39 percent and petroleum and its products, plastics and linoleum by 30 percent.

Imports of petroleum products increased by 7.7 percent, pearls and precious stones went up by 19 percent and gold imports rose by 60 percent.

India’s exports had grown 37.5 percent to $245.9 billion in the last fiscal, while its trade deficit fell to $104.8 billion.

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