Exports Post 4.2 Percent Growth In February

India’s exports recorded the slowest pace of growth in three months, 4.2 per cent year-on-year, at USD 24.6 billion in February due to the global slowdown.

In sharp contrast, imports grew at a faster rate of 20.6 per cent year-on-year to USD 39.7 billion in February, translating into a trade deficit of USD 15.1 billion.

Commerce Secretary Rahul Khullar has expressed concerns over the ballooning trade deficit, saying that since October exports are decelerating faster than imports.

From: http://ping.fm/Japvp