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Exports Jump 46.4% To $29.2 Bn In June

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India's exports registered a robust growth of 46.4 per cent year-on-year in June to $29.2 billion on account of increasing demand in Western markets.

Imports, too, grew at a high rate of 42.4 per cent to $36.9 billion, leaving a trade deficit of $7.7 billion for the month.

"$29.2 billion figure is a very, very high number for exports. Virtually all sectors grew well," Commerce Secretary Rahul Khullar told reporters here.

During April-June, 2011-12, exports grew by 45.7 per cent to $79 billion and imports shot up by 36.2 per cent to $110.6 billion, Khullar said.

During the first quarter of the current fiscal, the trade deficit stood at $31.6 billion.

The exporting sectors that registered strong growth during the quarter include engineering, petroleum products, gems and jewellery, readymade garments and electronics.

(PTI)


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economy india rahul khullar top 2 exports imports