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Exports growth at 5-year high of 17.48% in February

India's exports grew at a five-year high of 17.48 percent to USD 24.5 billion in February on account of surge in shipments of petroleum, engineering, and chemicals. The trade deficit widened as well to USD 8.89 billion as imports expanded. "In continuation with the revival exhibited by exports since September 2016, exports during February for the first time exhibited a double-digit positive growth," the commerce ministry said in a statement.

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