Ajit S Shriram, deputy MD, DCM Shriram Consolidated Ltd bought 1,00,275 shares in the company...
While exports grew 21%, the trade deficit has become serious concern and shot up to $184.9 billion
New Delhi: India's exports grew by 21% to $303.7 billion in 2011-12 over the previous fiscal, while imports shot up by 32.1%, reports PTI.
Imports reached $488.6 billion, leaving a trade deficit of $184.9 billion, Commerce Secretary Rahul Khullar said here Thursday. "This is the highest trade deficit and is a serious concern," he said.
Mr Khullar also said gold imports, which contributed in increasing the bill, is expected to decline in the current fiscal (2012-13) due to the duties imposed by the government.