India's export rises 35 per cent in Feb'08

New Delhi, Apr 1: India's exports at 14.24 billion dollars in February 2008 recorded a jump of 35.25 per cent over the corresponding month a year ago at 10.52 billion dollars, government data released today said. Imports during the comparable months rose by 30.53 per cent from 141.46 billion dollars to 184.66 billion dollars, data released by Directorate General of Commercial Intelligence&Statistics added.

The value of exports in 11 months from April 2007 to February 2008 grew by 22.9 per from 112.64 billion dollars to 138.43 billion dollars, indicating that India is unlikely to achieve its export target of 160 billion dollars in the fiscal ended March 31. Cumulative value of imports in these 11 months was 210.89 billion dollars, up 30.21 per cent from 161.96 billion dollars.

India's trade deficit in first eleven months of fiscal 2007-08 was estimated at 72.46 billion dollars as against a deficit of 49.32 billion dollars during April'06 - February'07.

Oil imports in February 2008 at 62.72 billion dollars went up by 39.52 per cent over 44.95 billion dollars in the year ago month, while in 11 months of the fiscal which ended yesterday oil imports at 66.01 billion dollars were higher by 26.81 per cent over 52.05 billion dollars in the corresponding period in 2006-07.

Non-oil imports in February 2008 at 12.19 billion dollars were up 26.35 per cent over 9.65 billion dollars in February 2007 and for April'07-February'08 period it was valued at 144.88 billion dollars, up 31.83 per cent from 109.90 billion dollars in April'06-February'07.

UNI