India's June exports rose an annual 30% to USD 17.75 billion, for the eighth straight month, Trade Secretary Rahul Khullar said on Monday.

Imports for the month rose 23% to USD 28.3 billion, he said, which would widen the country's trade deficit to USD 10.55 billion according to Reuters calculations.

Meanwhile, the April-June trade deficit stood at USD 32.2 billion, with exports during the period rising 32% to USD 50.8 billion.

Asia's third-largest economy is targeting close to 15% export growth in the current fiscal year, following a drop of 4.7% in the 2009/10 fiscal year as the global financial crisis-led slowdown crimped demand.

Source : moneycontrol