Exports grow 21 per cent in 2011-12, trade deficit at record level Exports grow 21 per cent in 2011-12, trade deficit at record level
Commerce Secretary Rahul Khullar said gold imports, which contributed in increasing the
bill, are expected to decline in 2012-13 due
to the duties imposed by the government.
BT Online Bureau - New Delhi,
- Updated Apr 19, 2012, 2:26 PM IST
India's trade deficit
rose to a record level for 2011-12 even as exports grew 21 per cent to $303.7 billion and imports shot up by 32.1 per cent.
Imports reached $488.6 billion, leaving
a trade deficit of $184.9 billion, Commerce Secretary Rahul Khullar said on Thursday.
"This is the
highest trade deficit and is a serious concern," he said.
Khullar also said gold imports, which contributed in increasing the bill, are expected to decline in 2012-13 due to the duties imposed by the government.
with PTI inputs Published on: Apr 19, 2012, 2:26 PM IST
Special 
