Feb exports up 34.8% at $16.09 bn

Feb exports up 34.8% at $16.09 bn

New Delhi: Exports rose an annual 34.8% in February to $16.09 billion, the fourth consecutive rise after 13 straight months of decline, the government said on Thursday.

Imports rose 66.4% from a year earlier to $25.06 billion.

Trade minister Anand Sharma had given the data on Wednesday ahead of its official release.

The growth in February is from a lower base and helped by the government’s assistance to certain sectors. It is also in line with a World Trade Organisation forecast of a global trade rebound this year.

The trade deficit stood at $8.97 billion in February.

Exports for April-February, the first 11 months of the 2009-10 fiscal year, were down 11.3% at $152.98 billion from the same period in the previous year.