Macroeconomic Indicators (19 March 2011)

The foreign trade data for the current fiscal year from April 2010 to January 2011 show faster growth rates in both exports and imports compared with sharp declines during the corresponding period in the previous fiscal year. In dollar terms, exports increased by 29.3% against a decline of 11.0%, and imports increased by 17.6% against a decline of 14.5%. The trade deficit narrowed to $88.97 billion from $89.84 billion and in rupee terms, from Rs 4.27 lakh crore to Rs 4.06 lakh crore during the same period.