Continuing with the growth trajectory and reflecting some recovery in the global markets, exports in March grew for the third straight month by 6.97 per cent to $30.8billion from $28.8 billion in the year-ago period. On annual basis it declined 1.76 per cent to $ 300.6 billion in 2012- 13.
Imports dipped by 2.87 per cent to $41.16 billion in March, leaving a trade deficit of $10.31 billion from $ 13.5 billion in March last year. In January, it had widened to $ 20 billion, the second highest figure ever in a month. However, for 2012-13, the trade deficit grew to $190.91 billion as against $ 183.3 billion in the previous fiscal. “We are taking one step at a time to achieve this target. The target is difficult but not impossible,” DGFT Anup K Pujari told The Pioneer.