India's February exports up 34.8 per cent, imports surge 66 per cent

India's exports stood at $16.09 in February 2010, up 34.8 per cent from $11.94 billion in the year-ago period, as shipments continued to increase for the fourth straight month.

Imports surged even higher, to $25.06 billion, in February this year, up 66.1 per cent from $15.08 billion in the corresponding month last fiscal.

Cumulative exports for the April-February period of the current fiscal, however, was down 11 per cent at $153 billion against $172 billion in the same period last fiscal, Director General of Foreign Trade RS Gujral said.

DGFT attributed the fall to the dismal show in November last year

Cumulative imports during the April-February period showed a decline of 13.5 per cent at $248 billion from $287 billion in the first 11 months of the previous fiscal.

India's exports bogged down by the global recession for almost 13 months in a row beginning October 2008, re-entered positive zone in November 2009.