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India's exports grow by 4.25% in Feb
Source: PTI March 11, 2013 12:12 IST
Growing for the second straight month, India's exports rose by 4.25 per cent to $26.26 billion in February.
In February 2012, the overseas shipments stood at $25.19 billion.
"Europe is performing better, there is a slight improvement in demand," Commerce Secretary S R Rao told reporters in New Delhi.
Exporting sectors which performed well include
engineering goods, textiles, rice, oil meals, pharmaceutical and chemicals.
Imports also rose by 2.6 per cent to $41.1 billion in the month under review, leaving a trade deficit of $14.92 billion.
However, during the April-February period of financial year 2012-13, the country's overseas shipments declined by 4 per cent to $265.95 billion.
Imports during the 11-month period grew by a mere 0.25 per cent to $448 billion, leaving a trade deficit of $182.1 billion.
Source:
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