India's exports recorded a robust growth of nearly 25 per cent at about $7.3 billion in August, despite congestion at the country's major port in Mumbai following rains.
Exports during the first five months grew at about 23 per cent to over $45.7 billion, according to official data released in New Delhi.
Commenting on the export front, Commerce Minister Kamal Nath said high growth had been achieved in spite of the Mumbai floods and other constraints and reflect the growing competitiveness of Indian export.
Imports during August rose by 32.44 per cent to $10.49 billion as against $7.9 billion in the same month last year.
Imports during April-August are valued at $53.1 billion, an increase of 37.07 per cent.
Oil imports during the period under consideration grew by 36.87 per cent to $16.4 billion, while non-oil imports rose by 37.16 per cent to $36.7 billion.
Trade deficit during April-August 05-06 is estimated at $17.43 billion, which is higher than $9.72 billion dollars during the same period previous fiscal.
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