Exports during March 2004-05 are valued at $8.513 billion, a growth of 8.28 per cent over $7.862 million in March 2003-04, while imports at $10.083 billion recorded an increase of 25.52 per cent.
Imports during 2004-05 rose by 35.62 per cent to $106 billion as against $78.25 billion mainly on account of oil imports which were 41.19 per cent higher at $29.084 billion in 2003-04.
Non-oil imports during 2004-05 are estimated at $77.036 billion, 33.62 per cent higher than $57.651 billion in 2003-04.
Rise in imports during the fiscal under review also led to a higher deficit at $26.52 billion as compared to $14.27 billion in 2003-04.