Exports jump 37.6% in 2010-11 to $246 bn

India's exports grew by 43.9% to $29.1 billion in March ending the year 2010-11 with a $245.9 billion exports - a growth of 37.6% compared to previous year despite recovery in some European economies remaining bumpy.

India's exports grew by 43.9% to $29.1 billion in March ending the year 2010-11 with a $245.9 billion exports - a growth of 37.6% compared to previous year despite recovery in some European economies remaining bumpy.

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Exports have crossed the $200 billion mark in a year for the first time. Imports during the year stood at $350.6 billion and the trade deficit figure has come down to $104.8 billion as compared to $109.6 billion in the previous year.

Engineering goods constituted the largest component of the exports entailing considerable domestic value addition and engineering exports crossed $60 billion registering a growth of 84.8%.

Petroleum products export was in the range of $42.5 billion registering a growth of 50.6%, gems and jewellery exports grew by 15.3% to $33.5 billion.