Indian exports rose 10.1% in Jan, imports up 20.3%

NEW DELHI: The exports jumped 10.1% to $25.4 billion during January and the imports during the same period has risen 20.3% to $40.1 billion. It has left a trade deficit of $14.7 billion.

Moreover, the exports during April 2011-January 2012 has surged 23.5% to $242.8 billion and the imports during the period rose 29.4% to $391.5 billion. This has been responsible for the widening of the trade deficit to $148.7 billion.

Dr Rahul Khullar, Commerce Secretary, has stated that 2012-13 will be problematic year for the exports due to the economic slowdown consisting the Eurozone crisis.