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NEW DELHI: Indian exports fell an annual 5.7 per cent to $28.7 billion in March, while imports rose 24.3 per cent to $42.6 billion, government data showed on Tuesday.
The trade deficit was at $13.9 billion. Oil imports rose 32.5 per cent to $15.8 billion.
India's exports rose an annual 21 per cent to $303.7 billion for the fiscal year 2011/12, while imports rose 32.2 per cent to $488.6 billion, figures released by the trade ministry showed.
The trade deficit for the full fiscal year was $184.9 billion.
The data shows India has beaten its target of about 20 per cent exports growth for the full fiscal year set by the government, despite a slowdown in the major export destinations such as the United States and Europe.
But the country's high trade deficit could worsen its current account balance and further weaken the rupee.
