India's exports grew by an impressive 35.25 per cent in February 2008 to $14.23 billion despite exporters facing erosion in their competitiveness due to increase in rupee value.
Exports for the April-February 11-month period registered a growth of 22.9 per cent to $138.42 billion.
Imports in February went up by 30.53 per cent to $18.46 billion. The cumulative imports for April-February period were $210.89 billion showing a growth of 30.21 per cent.
The 11-month trade deficit was placed at $72.46 billion against $49.32 billion a year ago, according to official data released on Tuesday.
While exports showed a huge growth in dollars terms in February, the increase in rupee terms was 21.71 per cent.
Imports in rupee terms showed a growth of 17.45 per cent in February.
The rupee has strengthened by over 10 per cent in the last one year, eroding exporters margins.