India's exports rose at a slower rate of 36.3 percent to $24.8 billion in September as demands in the US and European markets slowed due to economic uncertainties, Commerce Secretary Rahul Khullar said Wednesday.Imports increased 17.2 percent to $34.6 billion in September, resulting in a trade deficit of $9.8 billion.
Exports had surged 44.25 percent in August and 81.79 percent in the previous month.
The cumulative value of exports during April-September rose by 52.1 percent to $160 billion.
'Exports continue to grow over last year, but the heady numbers have gone. It is clear there is deceleration,' Khullar told reporters here.
He said exports have declined in recent months due to uncertainties in the US, as also in Europe.
The foreign trade figures come a day ahead of the announcement of annual supplement to the Foreign Trade Policy 2009-14. Commerce and Industry Minister Anand Sharma is scheduled to make the announcement Thursday.
Exports had surged 44.25 percent in August and 81.79 percent in the previous month.
The cumulative value of exports during April-September rose by 52.1 percent to $160 billion.
'Exports continue to grow over last year, but the heady numbers have gone. It is clear there is deceleration,' Khullar told reporters here.
He said exports have declined in recent months due to uncertainties in the US, as also in Europe.
The foreign trade figures come a day ahead of the announcement of annual supplement to the Foreign Trade Policy 2009-14. Commerce and Industry Minister Anand Sharma is scheduled to make the announcement Thursday.
