Continuing its growth momentum for the sixth consecutive month, India's exports grew by a staggering 36.2 per cent in April to USD 16.88 billion, government data showed today.
Last April, exports had shrunk nearly 30 per cent to USD 12.4 billion in line with a nine per cent contraction in global trade as a result of the global financial crisis. India's exports contracted for 13 straight months starting October 2008, before turning positive in November'09.
Imports too increased in April by 43.3 per cent to USD 27.3 billion from USD 19.05 billion a year ago. Trade deficit for April was USD 10.4 billion, against USD 6.7 billion in the year-ago period. Oil imports increased to USD 8.08 billion, against USD 4.74 billion in April last year.