News Details

Exports up over 18 pc in 1st three weeks of Nov.


Due to healthy growth in sectors such as petroleum products, engineering goods, chemicals, and gems and jewellery, India’s exports rose by 18.8 per cent to a value of $20.01 billion during the first three weeks of this month (November 1-21), as per the preliminary data of the Commerce Ministry. Imports during the period increased 45.34 per cent to $35.11 billion as against $24.15 billion during the corresponding period last year. Exports are growing at a healthy rate and are expected to cross $400 billion by the end of the current fiscal. Cumulatively, exports during April-October 2021 stood at $233.54 billion, up 55.13 per cent compared to the same period last year. During the period, imports rose 78.16 per cent to $331.39 billion, leaving a trade deficit of $97.85 billion, as per a report.

 

Source: Exim News Service: New Delhi, Nov. 24

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