Strong signs of improvement in the country’s export business, exports rose 17 percent in March

According to the data, imports grew by 27.77 percent to reach $ 22.24 billion during this period. This has resulted in a trade deficit of $ 8.02 billion. This increase has been recorded as compared to the same period a year ago.

Among the sectors where good growth has been recorded, engineering, rice, gems and jewelery have been notable. At the same time, exports of leather, oilseeds and all kinds of ready-made garments have decreased. According to the data, the import of gold, electronic goods and precious stones has increased during the period under review.

Exports increased in February

The country’s export business grew for the third consecutive month on a year-on-year basis, increasing by 0.67 percent to $ 27.93 billion in February. During this time the trade deficit reached 12.62 billion dollars.

Explain that last week, Commerce Secretary Anoop Wadhawan had said that the country’s exports are constantly improving and it is expected to increase well in March. He said that the COVID epidemic had an adverse effect on the country’s commodity exports.

India’s exports fell by a meager 0.25 percent to $ 27.67 billion in February, while imports rose 6.98 percent to $ 40.55 billion. The country’s export business grew for the third consecutive month on a year-on-year basis, growing by 0.67 percent in February to 27.93 billion dollars. During this time the trade deficit reached 12.62 billion dollars.

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