India's exports up 22.5% to $16.64 bn

The country's exports grew by 22.5 per cent to $16.64 billion in August compared to the same period last fiscal.

Imports, too, jumped by 32.2 per cent year-on-year to $29.67 billion in August, according to the government data released in New Delhi on Friday.

Commerce secretary Rahul Khullar had said recently that export growth is relatively slow and well below the level of 2008-09.

During April-August this fiscal, exports posted a growth rate of 28.6 per cent to $85.27 billion on a year-on-year basis.

Imports during the April-August period grew by 33.1 per cent to $141.89 billion.

The country's trade deficit widened to $13.03 billion in August compared to the year-ago period.

For the April-August, 2010, period, the trade deficit amounted to $56.62 billion.