India's trade deficit widens to $12.62 billion in February, exports up 0.67%

India's exports grew marginally by 0.67 per cent to $27.93 billion in February while imports rose by 6.96 per cent to $40.54 billion in the month, according to official data released on Monday.

The trade deficit widened to $12.62 billion in February compared to $10.16 billion in the year-ago period, the data showed.

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Exports during April-February 2020-21 period contracted by 12.23 per cent to $256.18 billion compared to $291.87 billion in the year-ago period.

Imports during the April-February period dipped 23.11 per cent to $340.8 billion.

In February, oil imports declined 16.63 per cent to $8.99 billion. It was down 40.18 per cent to $72.08 billion during the 11-month period of the current fiscal