Exports grow 34.4% in April

Imports, for the opening month of the fiscal 2011-12, were up 14.1 per cent to $32.8 billion leaving a trade gap of $8.9 billion.

Releasing the trade data, Commerce Secretary Rahul Khullar said, though the growth in April was lower than March, it was not a big concern.

The country’s total merchandise exports aggregated $246 billion growing by an impressive 37.55 per cent in the previous fiscal.

Imports in the fiscal 2010-11 were $350 billion, down by 21.6 per cent and the trade deficit was $104 billion.