Exports up by 10.1 per cent, imports grow too

New Delhi: Exports grew by 10.1 per cent year-on-year to USD 25.4 billion, while imports increased by 20.3 per cent in January, Commerce Secretary Rahul Khullar today said.

Imports stood at USD 40.1 billion in January 2012, resulting in a trade deficit of USD 14.7 billion. During April-January 2011-12, the country`s exports increased by 23.5 per cent to USD 242.8 billion.

Imports grew by 29.4 per cent to USD 391.5 billion during the 10 months period. The trade deficit stood at USD 148.7 billion for the period.

"What you are looking at now is exports for the fiscal around USD 300 billion, imports at about USD 460 billion with a balance of trade of about USD 160 billion, " Khullar told reporters here.