India’s exports maintained sterling performance in August, growing year-on-year by 44.2 per cent to USD 24.3 billion despite problems in major economies of the West.
“Except iron ore, other sectors including engineering, chemicals and textiles have shown robust growth,” Commerce Secretary Rahul Khullar said here.
Imports too grew by a fast pace of 41.8 per cent to USD 38.4 billion, leaving a trade deficit of USD 14.1 billion for August.
For the cumulative period of April-August this fiscal, the shipments increased by 54.2 per cent to USD 134.5 billion, while imports expanded by 40.4 per cent to USD 189.4 billion.
Merchandise exports have been growing at an impressive speed in the current fiscal, shrugging off uncertainty in the US the debt problems in several European nations.
During the same period trade gap stood at USD 54.9 billion, Mr. Khullar said.
