Indian Economy: Growth -3

[Naresh]

<b>December exports up 16 pc y/y to $12.3 bn</b>

NEW DELHI: India's exports rose 16 per cent in December from a year earlier to $12.3 billion, a slower rate of annual expansion than in the previous month, government data showed on Friday.

Imports rose an annual 18.1 per cent to $17.7 billion in December. The trade deficit for December was $5.37 billion, compared with $4.36 billion in the same month a year earlier.

The trade deficit was $57.8 billion in the first nine months of the fiscal year that began in April 2007.

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