Exports grew by 4.3 per cent year-on-year to $24.6 billion, while imports increased by 20.6 per cent in February, Commerce Secretary Rahul Khullar said on Friday.
Imports stood at $39.8 billion in February 2012, resulting in a trade deficit of $15.2 billion.
During April-February 2011-12, the country's exports increased by 21.4 per cent to $267.4 billion.
Imports grew by 29.4 per cent to $434.2 billion during the 11 months period, taking the trade deficit to $166.8 billion.
"We are getting a growth rate of 20 per cent. It looks like you'll get around $300 billion (by the fiscal end)," Khullar said.
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