Exports rise 17.3% to $14 bn in first 2 weeks of March

[ad_1]

Read More/Less


Showing healthy signs of revival, India’s exports grew 17.3% to $14.22 billion during March 1-14 compared with a year earlier, according to the Commerce Ministry’s preliminary data.

Imports during the period increased 27.8% to $22.24 billion, leaving a trade deficit of $8.02 billion, the data showed.

The key sectors that recorded healthy growth in exports include engineering, rice, gems and jewellery.

Leather, oilseeds slump

However, exports of leather, oilseeds and ready-made garments of all textiles contracted during the period.

Import of gold, electronic goods and pearls as wel as precious and semi-precious stones registered growth during the same period.

Growing for the third consecutive month, the country’s exports rose marginally by 0.67% to $27.93 billion in February, compared with the same period in the previous year, even as trade deficit widened to $12.62 billion.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

[ad_2]

READ FULL ARTICLE HERE