News: Indian exports cross $100 b mark in April-Feb

(PTI 02/04/2007) New Delhi - Exports increased 23.83% year-on-year in February to $9.70 billion while imports were up 30.10% to $14.36 billion, according to data released by the department of commerce today.

In the first 11 months of the current fiscal, exports grew 22.95% to cross the $100 billion-mark at $109.1 billion, and imports grew 30.59% to $164.98 billion taking the overall trade deficit to $55.85 billion dollars - an increase of 48.6% from $37.57 billion over the same period last year.

Crude oil imports registered a negative growth of 1.18% and stood at $4.06 billion in February 2007 as compared to $4.10 billion in February 200.6 For April-February, crude oil imports increased 32.52% to $52.67 billion.

Non-oil imports increased 39.77% in February to $10.3 billion, and increased 25.67% between April-February 2006-07 to $112.31 billion as against $89.37 billion in the corresponding period of 2005-06.