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Exports rise 10.3% in April-June

New Delhi, Sept. 23 (PTI): India’s exports have registered an impressive growth of 10.34 per cent at $ 11.41 billion in the first quarter of the current fiscal from $ 10.34 billion in the corresponding period last year.

As imports have increased by only 1.29 per cent to $ 12.95 billion from $ 12.78 billion, there has been a whopping 36.8 per cent decline in the country’s trade deficit during the period.

Trade deficit has declined to $ 1.54 billion from $ 2.44 billion during the first quarter (April-June 2002). According to the provisional data compiled by the directorate general of commercial intelligence and statistics a moderate to high growth of over 10 per cent has been registered for rice, floricultural products, gems and jewellery, engineering and products goods during the April-June period.

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