By IANS,
New Delhi : India’s merchandise exports were up over 49 percent in February at $23.59 billion (Rs.107,215 crore) compared to the year-ago period, and oil imports dipped marginally by 0.3 percent, latest trade data showed Friday.
Cumulative value of exports for 11 months of this fiscal was $208.2 billion (Rs.949,278 crore), registering a growth of 31.4 percent over $158.49 billion logged during the like period of the previous fiscal.
The country imported goods worth $31.7 billion during February, a rise of 21.2 percent from the like month of 2010.
Cumulatively the imports were up 18 percent at $305.29 billion for the April-February period against $258.74 billion logged during the similar period last year.
Oil imports in the month under review stood valued at $8.21 billion, 0.3 percent lower than $8.24 billion in the like month of last fiscal.
During the 11 months of this fiscal, these imports were 12.4 percent higher at $88.17 billion, against $78.14 billion.
The trade deficit for the first 10 months was estimated at $97.06 billion against $100.24 billion during the like period of last fiscal.
The trade deficit for February was $8.1 billion — almost unchanged from the previous month’s $8 billion.