New Delhi: India's exports grew by 27.6 percent to US $29.23 billion in March on account of robust performance by sectors like petroleum, textiles, engineering goods and gems and jewellery.
Imports too jumped 45.25 percent to US $39.66 billion last month from US $27.3 billion in March 2016.
A huge spike in gold imports pushed the trade deficit to US $10.43 billion during the month under review from US $4.4 billion a year ago.
The imports of the precious metal rose to US $4.17 billion in March this year compared to US $973.45 million in the same month last year.
For the full fiscal 2016-17, exports saw a growth of 4.71 percent at US $274.64 billion against US $262.3 billion in 2015-16.
Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.
Updated Date: Apr 13, 2017 19:33:55 IST