India slipped a notch each in its share of merchandise imports and exports by developing countries to the rest of the world to fourth and eighth position in 2020, according to the World Trade Organization
The country s exports jumped by 58.23 per cent to $34 billion in March as key sectors such as engineering, gems and jewellery and pharmaceuticals recorded healthy growth rate during the month, according to the Commerce Ministry s provisional data. Exports during April-March 2020-21, however, dipped by 7.4 per cent to $290.18 billion compared to $313.36 billion in 2019-20, the data showed.
Imports during 2020-21 contracted by 18 per cent to $388.92 billion compared to $474.71 billion during 2019-20. In March 2020, the exports stood at $21.49 billion, which was a decline of about 34 per cent over March 2019 due to global slowdown induced by the Covid-19 crisis. India s merchandise exports in March 2021 were $34.0 billion as compared to $21.49 billion in March 2020, an increase of 58.23 per cent, the ministry said in a statement.
India s exports up 6.16% in January, trade deficit narrows to $14.54 billion
Exports during April-January this fiscal dipped by 13.58 percent to $228.25 billion, while imports declined by 25.92 percent to $300.26 billion. PTI
Source: Reuters
The country’s exports grew by 6.16 percent to $27.45 billion in January, according to data by the commerce ministry.
Imports too grew by 2 percent to about $42 billion, leaving a trade deficit of $14.54 billion during the month under review, the data showed.
Exports during April-January this fiscal dipped by 13.58 percent to $228.25 billion, while imports declined by 25.92 percent to $300.26 billion. PTI
India s exports up 6.16% in January; trade deficit narrows to $14.54 billion
The country s exports grew by 6.16 per cent to $27.45 billion in January 2021 as compared to $25.85 billion in the same period last year, driven by growth in pharmaceuticals, iron ore and engineering sectors
BusinessToday.In | February 15, 2021 | Updated 20:14 IST
India s trade deficit narrows to $14.54 billion in January 2021
India s exports rose for the second straight month in January, while the trade deficit narrowed during the period under review, showing signs of uptick in economic activity. The country s exports grew by 6.16 per cent to $27.45 billion in January 2021 as compared to $25.85 billion in the same period last year. This was attributed to growth in pharmaceuticals, iron ore and engineering sectors. In rupee terms, exports grew by 8.84 per cent to Rs 2 lakh crore in January 2021, as compared to Rs 1.84 lakh crore in the same period last year.