17.6 billion, USD 11 billion and USD 9.7 billion respectively.
"Coal imports expanded significantly. Now it requires decision on the domestic policy front in terms of coal production. Similarly edible oil, fertiliser imports have expanded significantly and these require domestic policy decisions," he added.
From a peak of 82 per cent in July, export growth slipped to 44.25 per cent in August, 36.36 per cent in September and 10.8 per cent in October, 3.8 per cent in November 2011. However, exports grew 6.7 per cent in December and over 10 per cent in January and 4.3 per cent in February.
Exporting sectors which registered healthy growth in 2011-12 include engineering, petroleum and gems and jewellery.
Engineering, petroleum and gems and jewellery exports grew by 16.9 per cent, 38.5 per cent and 13.3 per cent to USD 58.2 billion, USD 57.5 billion and USD 45.9 billion respectively.
Readymade garments exports increased by 18 per cent to USD 13.7 billion, electronics by 9.2 per cent to USD 9 billion AND drugs by 21.9 per cent to USD 13.1 billion.
However exports of iron ore and mica and coal contracted by 3.5 per cent and 6.5 per cent respectively.
Importing sectors which registered growth in 2011-12 include electronics, chemicals, iron and steel. They grew by 23 per cent, 25.5 per cent, 15 per cent to USD 32.7 billion, USD 19.1 billion and USD 11.9 billion respectively.