News: India exports grow 23% to top $124 b

(IANS 02/05/2007) New Delhi - Exports grew 23.88 per cent during the fiscal year ended March 31 to touch $124.63 billion, against $100.61 billion in the previous year, trade data released on Tuesday said.

Merchandise imports during the period under review expanded 29.3 per cent to top $181.37 billion against $140.26 billion in the previous year, said data released by the Directorate General of Commercial Intelligence and Statistics.

As a result, the trade deficit expanded to $56.74 billion from $39.63 billion.

Crude oil imports during the April-March period were valued at $57.27 billion as against $43.95 billion in the previous year, while non-oil imports increased to $124.09 billion from $99.48 billion, the data showed.