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India's exports up by 49.8 pc to USD 23.6 bn in Feb
By   Published on: 03-Dec-2010 12:53:48
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New Delhi, Mar 10 (PTI) India's exports went up by 49.8 per cent year-on-year to USD 23.6 billion in February on the back of increased demand from markets like North America, Asia and Africa.

India's exports up by 49.8 pc to USD 23.6 bn in Feb

During April-February, 2011, the country's merchandise shipments grew by 31.4 per cent to USD 208.2 billion, surpassing the export target of USD 200 billion for the entire 2010-11 fiscal.

"We have crossed the USD 200 billion mark... The current forecast for the year is USD 230-235 billion," Commerce Secretary Rahul Khullar told reporters here.

Imports also went up in February, rising by 21.2 per cent to USD 31.7 billion, leaving a trade gap of USD 8.1 billion, Khullar said.

During April-February, 2011, imports grew by 18 per cent to USD 305.3 billion. During the 11-month period, the trade deficit amounted at USD 97.1 billion.

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