India`s exports grew by 3.98 percent to USD 312.35 billion in FY 2013-14 while imports dipped by 8.11 percent during the period.



Imports declined to USD 450.94 billion, narrowing the trade deficit to USD 138.59 billion in the last fiscal.



In FY 2012-13, trade deficit stood at USD 190.33 billion.




The overall shipments in 2013-14 fell short of the target of USD 325 billion fixed by the government for the period.



Reema Sharma/Ajeet Kumar