India's foreign trade in February was probably
the best in recent months, with exports growing
17.48 percent to $24.49 billion as against $20.84
billion in February 2016. Imports rose 21.76
percent to $33.39 billion (from $27.41 billion),
mainly due to gold imports that jumped 147.62
percent to $3.48 billion from $1.40 billion in
February 2016.
Trade deficit widened to $8.89 billion for last
month as against $6.57 billion in February 2016,
according to provisional data released by India's
commerce and trade ministry after trading hours.
"The current double digit growth in exports has
come after a long way after June, 2014, which
itself shows the capabilities and robustness of
our export sector," S C Ralhan, President,
Federation of Indian Export Organisation (FIEO)
said in a statement.