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Friday, February 26, 2021

Exports rise 5.37% in January: Commcerce Ministry data

Imports during the month rose 2 per cent to USD 42 billion, leaving a trade deficit of USD 14.75 billion, the data showed.

By: PTI | New Delhi |
February 2, 2021 11:13:13 am
An Indian ten rupee banknote and US one-hundred dollar banknotes are arranged for a photograph in Mumbai, India, on Saturday, Aug. 10, 2013. (Photographer: Dhiraj Singh/Bloomberg)

The country’s exports grew 5.37 per cent year-on-year to USD 27.24 billion in January 2021, mainly driven by healthy growth in pharmaceuticals and engineering sectors, according to provisional data of the commerce ministry.

Imports during the month rose 2 per cent to USD 42 billion, leaving a trade deficit of USD 14.75 billion, the data showed.

Exports of pharmaceuticals and engineering grew 16.4 per cent (USD 293 million), and about 19 per cent (USD 1.16 billion), respectively.

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