The new year started on a positive note for Indian exporters with goods exports in January rising 5.37 per cent to $27.24 billion (year-on-year) primarily led by a spurt in engineering goods, pharmaceuticals and iron ore, according to early trends for the month released by the Commerce & Industry Ministry on Tuesday. Imports during the .
Engineering goods, pharma, iron ore push exports up 5.37% in Jan
February 02, 2021
Imports increase by 2.05%; trade deficit declines marginally to $14.75 billion
The new year started on a positive note for Indian exporters with goods exports in January rising 5.37 per cent to $27.24 billion (year-on-year) primarily led by a spurt in engineering goods, pharmaceuticals and iron ore, according to early trends for the month released by the Commerce & Industry Ministry on Tuesday.
Imports during the month increased by 2.05 per cent to $41.99 billion due to a steep fall in the import of petroleum products. Gold imports, however, shot up 154.7 per cent. Trade deficit in January declined by 3.57 per cent to $14.75 billion.
FDI equity inflow in April-Nov rises 37% to $44 billion
January 27, 2021
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Foreign Direct Investment (FDI) equity inflow into India in the April-November period increased 37 per cent to $43.85 billion, compared to $32.11 billion in the same period last fiscal.
“It is also the highest ever for the first eight months of a financial year..,” according to an official release issued by the Commerce & Industry Ministry on Wednesday.
In the first eight months of FY21, total FDI (including reinvested earnings) rose 22 per cent to $58.37 billion, from $47.67 billion in April-November 2019, it said, adding that this, too, is the highest ever for the eight-month period in any fiscal.