India's goods exports picked up in March, boosted by the weaker rupee despite a slowdown in global trade growth, helping the country to contain its trade deficit despite a surge in oil imports.
Merchandise exports rose 11.02 percent to $32.55 billion in March from a year earlier, while imports were up 1.44 percent to $43.44 billion during the same period, a statement by the trade ministry said on Monday.
Oil imports, the biggest item in the import bill, rose 5.55 percent to $11.75 billion, driven by a rise in Indian demand and increases in global crude prices.
India meets nearly 80 percent of its fuel demand through imports.
The ministry does not issue separate data for trade in services. That is issued in about a month's time by the Reserve Bank of India.
However, the ministry did issue estimates for goods and services trade in the year to March 31, based on the full-year merchandise trade figures and the first 11 months of services trade.
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