Exports during January stood at $6.7 billion compared to $5.04 billion in the same month last year, according to the latest data released by the government.
The trade deficit for April-January 2004-05 grew 67.5 per cent to $22.68 billion as against $13.54 billion in the corresponding period in 2003-04.
Exports during April-January this fiscal grew 25.5 per cent to $60.75 billion compared to $48.38 billion in the same period of the previous fiscal.
This has raised the hopes of achieving $75 billion exports target this fiscal. Imports during January 2005 rose 40.4 per cent to $9.58 billion over $6.82 billion a year ago.
During the ten-month period, imports increased 34.72 per cent to $83.441 billion over $61.93 billion in April- January 2003-04. In rupee terms, January imports grew 35.15 per cent.
Trade deficit during January 2005 stood at $2.86 billion over 1.78 billion dollar in the same month last year, as per the monthly trade data.
Oil imports during April-January 2004-05 increased 40.14 per cent to $23.46 billion compared to $16.74 billion a year ago.
Non-oil imports in the 10-month period rose 32.71 per cent to $59.98 billion as against $45.19 billion in April- January 2003-04.
In rupee terms, exports grew 28.19 per cent during January 2005 to Rs 29,386.16 crore (Rs 293.86 billion) and recorded 23.09 per cent growth during the first ten months to Rs 2,74,313 crore (Rs 2743.13 billion) over the year ago period.