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Wednesday, April 14, 2021
Home Business Exports rise 17.3% to $14 bn in first 2 weeks of March

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

Showing wholesome indicators of revival, India’s exports grew 17.3% to $14.22 billion throughout March 1-14 in contrast with a 12 months earlier, in accordance to the Commerce Ministry’s preliminary knowledge.

Imports throughout the interval elevated 27.8% to $22.24 billion, leaving a commerce deficit of $8.02 billion, the information confirmed.

The key sectors that recorded wholesome development in exports embody engineering, rice, gems and jewelry.

Leather, oilseeds droop

However, exports of leather-based, oilseeds and ready-made clothes of all textiles contracted throughout the interval.

Import of gold, digital items and pearls as wel as valuable and semi-precious stones registered development throughout the identical interval.

Growing for the third consecutive month, the nation’s exports rose marginally by 0.67% to $27.93 billion in February, in contrast with the identical interval in the earlier 12 months, at the same time as commerce deficit widened to $12.62 billion.

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