Exports grow by 21 per cent in April 2011-March 2012: Commerce Secretary

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India’s exports for the last year (April 2011 to March 2012) have registered a growth of 21 per cent, at US$ 303.7 billion. Rahul Khullar, Commerce Secretary, informed that during the same period the imports were US$ 488.6 billion with a growth of 32.1 per cent and balance of trade stood at US$ (-)184.9 billion.

During April 2011-March 2012, some of the sectors which have done well with regard to exports include: engineering,which registered a growth of 16.9 per cent; petroleum & oil products, 38.5 per cent; gems & Jewellery registered a growth of 13.3 per cent; drugs and pharmaceuticals 21.9 per cent; leather 22.5 per cent; electronics, 9.2 per cent; cotton yarn and fabric made-up 17.4 per cent.

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