Exports grow 21% at $303.7 billion
19 April 2012 3:13 PM GMT
India's exports grew by 21 per cent to $303.7 billion in 2011-12 over the previous fiscal, while imports shot up by 32.1 per cent.
Imports reached $ 488.6 billion, leaving a trade deficit of $184.9 billion, Commerce Secretary Rahul Khullar said on Thursday.
'This is the highest trade deficit and is a serious concern,' he said.
Khullar also said gold imports, which contributed in increasing the bill, is expected to decline in the current fiscal (2012-13) due to the duties imposed by the government.
Imports reached $ 488.6 billion, leaving a trade deficit of $184.9 billion, Commerce Secretary Rahul Khullar said on Thursday.
'This is the highest trade deficit and is a serious concern,' he said.
Khullar also said gold imports, which contributed in increasing the bill, is expected to decline in the current fiscal (2012-13) due to the duties imposed by the government.
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