10 Mar, 2011, 12.34 PM IST, Reuters
NEW DELHI: India's February exports were provisionally up an annual 49.8 per cent at $23.6 billion, while imports rose 21.2 per cent to $31.7 billion, Trade Secretary Rahul Khullar said on Thursday.
With February's data, Asia's third-largest economy has crossed its earlier annual target of $200 billion or 15 per cent export growth for the current fiscal year, with one month to spare.
April-February exports were up 31.4 per cent at $208 billion.
However, the government has lately raised concern about a ballooning trade deficit that could double in three years and cause an unsustainable current account deficit.
The trade deficit was at $8.1 billion in February.
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