Exports post first rise in 7 months, grow by 2.91 pc in February

By: |
Updated: March 13, 2020 7:47 PM

Imports too grew by 2.48 per cent to USD 37.5 billion, leaving a trade deficit of USD 9.85 billion as against USD 9.72 billion in February 2019.

Exports, Imports, commerce ministry, trade deficit, latest news on importsOil imports jumped by 14.26 per cent to USD 10.76 billion in February compared to 9.41 billion in the year-ago month.

India’s exports rose for the first time in seven months in February growing by 2.91 per cent to USD 27.65 billion, according to the commerce ministry data released on Friday. Imports too grew by 2.48 per cent to USD 37.5 billion, leaving a trade deficit of USD 9.85 billion as against USD 9.72 billion in February 2019.

Oil imports jumped by 14.26 per cent to USD 10.76 billion in February compared to 9.41 billion in the year-ago month. Exports during April-February this fiscal dipped by 1.5 per cent to USD 292.91 billion.
Imports during the period declined by 7.30 per cent to USD 436 billion, leaving a trade deficit of USD 143.12 billion.

Do you know What is FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Exports up 47.91 pc in July to $35.17 bn
2Net tax revenues rise 5 pc in FY21: FM Sitharaman
3West Bengal FM Amit Mitra writes to Nirmala Sitharaman against privatisation of insurance companies