India’s exports grew by 6.7 per cent to USD 25 billion on weak global demand, mainly in Europe while imports expanded about three times faster, leaving the country with a worrying trade deficit of USD 12.7 billion in December, 2011.
For the April-December period, exports increased by annualised 25.8 per cent to USD 217.6 billion, but inward shipments grew faster at 30.3 per cent to USD 350.9 billion, leaving a trade gap of USD 133.2 billion, according to data released by the Commerce Ministry today. In December last fiscal, the trade deficit was USD eight billion.
From: http://ping.fm/6fEpX
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