By IANS
New Delhi : India’s merchandise exports were up 21.7 percent during the first three quarters of fiscal 2007-08, growing to $111.05 billion from $91.20 billion in the corresponding period of last fiscal.
Official trade data released Friday, however, showed that in rupee terms the growth was significantly lower at 7.74 percent during the period under review, indicating the sharp appreciation of the Indian currency this fiscal.
Imports were up 25.97 percent during the first three quarters, growing to $168.87 billion from $134.05 billion. In rupee terms, the imports were up 11.54 percent, the data showed.
While oil imports grew 11.68 percent in dollar terms, non-oil imports were up 32.99 percent, showed the data released by the commerce ministry.
The trade deficit accordingly for the April-Dec period was estimated at $57.82 billion, against $42.85 billion in the corresponding period of last fiscal.