Feb exports up 34.8 pc at USD 16.09 bn | business | Hindustan Times
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Feb exports up 34.8 pc at USD 16.09 bn

India's exports rose an annual 34.8 per cent in February to USD 16.09 billion, the fourth consecutive rise after 13 straight months of decline, the government said on Thursday. Imports rose 66.4 per cent from a year earlier to USD 25.06 billion.

business Updated: Apr 01, 2010 16:18 IST

India's exports rose an annual 34.8 per cent in February to USD 16.09 billion, the fourth consecutive rise after 13 straight months of decline, the government said on Thursday. Imports rose 66.4 per cent from a year earlier to USD 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 USD 4.55 billion in February.

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