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Exports up 36.2% in April

June 01, 2010 12:44 IST

Continuing its growth momentum for the sixth consecutive month, India's exports grew by a staggering 36.2 per cent in April to $16.88 billion, government data showed on Tuesday.

Last April, exports had shrunk nearly 30 per cent to $12.4 billion in line with a nine per cent contraction in global trade as a result of the global financial crisis.

India's exports contracted for 13 straight months starting October 2008, before turning positive in November'09.

Imports too increased in April by 43.3 per cent to $27.3 billion from $19.05 billion a year ago.

Trade deficit for April was $10.4 billion, against $6.7 billion in the year-ago period.

Oil imports increased to $8.08 billion, against $4.74 billion in April last year.
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