India's April exports rose an annual 36 percent as demand picked up for its gems and textiles, Commerce Secretary Rahul Khullar said on Wednesday, but cautioned that the eurozone debt crisis could hurt exports. India's imports in April rose an annual 43 percent to $27.3 billion buoyed by industrial recovery, stronger domestic growth and rising oil prices, Khullar told reporters at a briefing.
"Don't get carried away by the 36.2 percent growth," he said. "Yes, things are much better than last year, but that huge bump in growth really is more a pure base effect." Global trade flows are expected to rebound by nearly a tenth in 2010 in line with economic recovery. April exports stood at $16.9 billion and the trade deficit at $10.4 billion. Oil imports rose 70 percent to $8.1 billion in April compared to $4.7 billion in April last year.
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