Strong performance by petroleum, engineering and textiles sectors pushed up India's exports growth by 19.77 per cent to USD 24.63 billion in April.
The country's imports too jumped 49.07 per cent to USD 37.88 billion last month from USD 25.4 billion in April 2016.
Gold imports rose three-fold to USD 3.85 billion in April compared to USD 1.23 billion in the same month last year.
In April, petroleum, textiles, engineering goods and gems and jewellery shipments recorded a growth of 48.77 per cent, 31.72 per cent, 28.21 per cent and 15 per cent respectively.
For the entire last fiscal, 2016-17, exports saw a growth of 4.71 per cent to USD 274.64 billion as against USD 262.3 billion in 2015-16. Imports dipped 0.17 per cent to USD 380.3 billion, lowering trade deficit at USD 105.7 billion against USD 118.7 billion in 2015-16.
Further, services exports in March increased by 8.57 per cent to USD 14.179 billion.
"The net export of services for 2016-17 was estimated at USD 65.21 billion, which is lower than net export of services of USD 69.41 billion during 2015-16," it added.
"The implementation of upcoming GST and release of the revised Foreign Trade Policy will give further push to export growth," said FIEO President Ganesh Kumar Gupta.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)