New Delhi: India’s exports grew 37.5% to $245.9 billion in the fiscal year that ended in March, trade and commerce minister Anand Sharma said on Tuesday.
The figure comfortably beat the FY11 export target of $200 billion set by India’s trade ministry.
The export growth was largely powered by the engineering goods sector.
Petroleum exports have risen by 50% to $ 42 billionn while the trade gap is at $104.1 billion.
Sharma also expressed concern about recent slowdown in FDI inflow.