India's Exports Up 22.5% In August

India's exports grew by 22.5% to USD 16.64 billion in August compared to the year-ago month, Rahul Khullar, Commerce Secretary, stated at a press interaction today. Imports, meanwhile, rose by 32.6% to USD 29.7 billion year-over-year.

Between April-August 2010-11, exports reached a level of USD 85.27 billion registering a growth of 28.6%, while the imports grew by 33.2% to USD 141.89 billion, netting a trade deficit of $ 56.62 billion. 

Some sectors are doing extremely well and the country is on track to achieve its target of $200 million, Khulllar added.

Source: RTTNews