India’s exports rise 40.5 percent in first October fortnight

According to the commerce ministry’s preliminary data, India’s exports rose by 40.5 percent to USD15.13 billion during October 1-14 on account of healthy performance by key sectors such as petroleum products, engineering and chemicals.

Imports during the period grew by 60.72 percent to USD14.82 billion, the data showed. India's merchandise exports grew by 22.63 percent year-on-year to USD33.79 billion in September on better performance by key sectors, even as the trade deficit widened to a record high of USD22.59 billion.

Export sectors that are recording positive growth include coffee, cashew, petroleum products, handloom, engineering, chemicals, manmade yarn/fabrics, gems and jewellery, plastic and marine products. Cumulatively, exports rose by 57.53 percent to USD197.89 billion during April-September this fiscal as against USD125.62 billion during April-September 2020.

 

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