Revival signs: Exports up by 17% at $14bn
SHOWING healthy signs of revival, India’s exports grew 17.27 per cent to $14.22 billion during March 1-14 as compared to the year-ago period, according to the commerce ministry’s preliminary data.
image for illustrative purpose
New Delhi: SHOWING healthy signs of revival, India's exports grew 17.27 per cent to $14.22 billion during March 1-14 as compared to the year-ago period, according to the commerce ministry's preliminary data.
Imports during the period increased 27.77 per cent to $22.24 billion, leaving a trade deficit of $8.02 billion, the data showed. The key sectors which recorded a healthy growth in exports include engineering, rice, gems and jewellery.
However, exports of leather, oilseeds and ready-made garments of all textiles contracted during the period. Imports of golds, electronic goods and pearls, precious and semi-precious stones registered growth during the period.
Growing for the third consecutive month, the country's exports rose marginally by 0.67 per cent year-on-year to $27.93 billion in February even as trade deficit widened to $12.62 billion.
