India's exports grow by 4.25 per cent in February

NEW DELHI: Growing for the second straight month, India's exports rose by 4.25 per cent to USD 26.26 billion in February.

In February 2012, the overseas shipments stood at USD 25.19 billion. "Europe is performing better, there is a slight improvement in demand," Commerce Secretary S R Rao told reporters here.

Exporting sectors which performed well include engineering goods, textiles, rice, oil meals, pharmaceutical and chemicals.

Imports also rose by 2.6 per cent to USD 41.1 billion in the month under review, leaving a trade deficit of USD 14.92 billion.

However, during the April-February period of financial year 2012-13, the country's overseas shipments declined by 4 per cent to USD 265.95 billion.

Imports during the 11-month period grew by a mere 0.25 per cent to USD 448 billion, leaving a trade deficit of USD 182.1 billion.