Exports maintain robust growth in August

New Delhi, Sept 9 (PTI)India's exports maintained
sterling performance in August,growing year-on-year by 44.2
per cent to USD 24.3 billion despite problems in major
economies of the west.
"Except iron ore, other sectors including engineering,
chemicals and textiles have shown robust growth," Commerce
Secretary Rahul Khullar said here on Friday.
Imports too grew by a fast pace of 41.8 per cent to USD
38.4 billion, leaving a trade deficit of USD 14.1 billion for
August.
For the cumulative period of April-August this fiscal,
the shipments increased by 54.2 per cent to USD 134.5 billion,
while imports expanded by 40.4 per cent to USD 189.4 billion.
Merchandise exports have been growing at an impressive
speed in the current fiscal,shrugging off uncertainty in the
US the debt problems in several European nations.
During the same period trade gap stood at USD 54.9
billion, Khullar said. PTI RK
MNS