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Manufacturing rebounds in July, exports at record high


Manufacturing rebounds in July, exports at record high
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Last Updated: Aug 03, 2021, 06:51 AM IST
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Synopsis
Backing the recovery in manufacturing, official data released Monday showed India’s exports rising a sharp 48% year-on-year to a record $35.2 billion in July, buoyed by a growth in petroleum products, gems and jewellery, and engineering goods. Imports last month were at the second highest in history.
Agencies
India’s merchandise exports in July 2021 was $35.17 bn, an increase of 34% over July 2019.
India’s manufacturing activity revived in July and posted the strongest growth in three months along with a marginal increase in employment as states eased localised restrictions, a private survey showed on Monday. ....

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