New Delhi: India's exports increased by 44.2 percent to USD 24.3 billion in August, while imports rose 41.8 percent to USD 38.4 billion, leading to a trade deficit of USD 14.1 billion, official data showed on Friday.

Although the growth in exports is much above the Government's target, it has slowed down significantly when compared to the previous month.

Exports had surged 81.79 percent to USD 29.34 billion in July, while imports had grown by 51.52 percent to USD 40.42 billion, resulting in the month's trade deficit of USD 11.08 billion.

Talking to reporters here after releasing the provisional data, Commerce Secretary Rahul Khullar said the Government would help exporters to maintain the growth momentum. 'Something will have to be done,' Khullar said.

The cumulative value of exports for the April-August period has increased to USD 132.64 billion, while imports during the period increased to USD 189.44 billion, resulting in a trade deficit of USD 56.79 billion during the first five months of the fiscal.

The Commerce Secretary said exports growth might slow in the coming months due to the economic uncertainties in the US and in European countries, the major traditional markets for Indian exports.

(Agencies)