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August exports up 44%

August exports up 44%
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First Published: Mon, Oct 03 2011. 12 18 PM IST
Updated: Mon, Oct 03 2011. 12 18 PM IST
New Delhi: India’s August exports rose 44.25% to $24.3 billion from a year earlier, while imports for the month rose 41.82% to $38.4 billion, leaving a trade deficit of $14 billion, government data showed.
Exports between April and August rose 54.2% to $134.5 billion, data showed on Monday, while oil imports in August rose 48.72% to $10.28 billion.
Indian exporters enjoyed record growth in the last fiscal year and have notched robust growth in recent months, buoyed by demand for the country’s cars, petroleum products and precious stones.
However, economic turbulence in the United States and Europe, India’s top sales destinations, has prompted trade ministry warnings of a slowdown in export growth for the remainder of the fiscal year ending March 2012.
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First Published: Mon, Oct 03 2011. 12 18 PM IST
More Topics: Exports | Import | Trade | Deficit | Growth |