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Expressing concern over the recent global events commerce secretary Rahul Khullar said, "Exports have done well...but my sense is that it (high export growth) is not going to sustain. We will see slowdown by this month"
New Delhi: India's exports grew by an impressive 81.8% to $29.3 billion in July, reports PTI quoting commerce secretary Rahul Khullar.
Imports, too, grew by 51.5% to $40.4 billion, leaving a trade deficit of $11.1 billion.
"Exports have done well...but my sense is that it (high export growth) is not going to sustain. We will see slowdown by this month," Mr Khullar told reporters here.
During April-July 2011, outbound shipments grew by 54% to $108.3 billion while imports grew by 40% to $151 billion.
During the same period, the country's trade deficit stood at $42.7 billion.
Sectors, which registered healthy growth, during the period, include engineering, petroleum products, gems and jewellery and readymade garments.