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Indian exports rise 18.8 percent to USD 20 billion so far in November

International Desk
|  24 Nov 2021, 10:17
Indian exports rise 18.8 percent to USD 20 billion so far in November
Photo: Collected
India’s exports rose 18.8 percent to USD 20.01 billion during the three week period of this month (November 1-21), due to healthy growth in sectors such as petroleum products, engineering goods, chemicals and gems and jewelry according to the preliminary data of the commerce ministry of India. Imports during the period increased 45.34 per cent to USD 35.11 billion as against USD 24.15 billion during the corresponding period last year, the data showed.

India’s exports are growing at a healthy rate and are expected to cross USD 400 billion by the end of the current fiscal.

In October, the outbound shipments jumped 43 percent to USD 35.65 billion, while the trade deficit widened to USD 19.73 billion during the month.

Indian export sectors that are recording positive growth continuously include petroleum, coffee, engineering goods, cotton yarn/fabrics/made-ups, gems and jewelry, chemicals plastic and linoleum and marine products.

Cumulatively exports during April-October 2021 stood at USD 233.54 billion, which is an increase of 55.13 per cent compared to the same period last year. During the same period, imports rose 78.16 per cent to USD 331.39 billion, leaving a trade deficit of USD 97.85 billion.

Source: The Economic Times


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