India's exports growth virtually doubled to 23.42 per cent in the first nine months of 2004-05 as against 12.72 per cent in the same period in 2003-04.
But the trade deficit during April-December 2004-05 widened by over $8 billion to $20.152 billion as against $11.764 billion in the corresponding period in 2003-04, mainly due to rise in crude oil prices and spurt in capital goods imports.
The country's exports during April-December 2004-05 was put at $53.498 billion, a growth of 23.42 per cent over $43.346 billion during April-December 2003-04.
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