scorecardresearch

India’s exports during March 1-14 up 17% at $14 billion

Showing healthy signs of revival, India’s exports grew 17.27 per cent to USD 14.22 billion during March 1-14 as compared to the year-ago period, according to the commerce ministry’s preliminary data.

export
The key sectors which recorded a healthy growth in exports include engineering, rice, gems and jewellery.
Showing healthy signs of revival, India’s exports grew 17.27 per cent to USD 14.22 billion during March 1-14 as compared to the year-ago period, according to the commerce ministry’s preliminary data. Imports during the period increased 27.77 per cent to USD 22.24 billion, leaving a trade deficit of USD 8.02 billion, the data showed.

The key sectors which recorded a healthy growth in exports include engineering, rice, gems and jewellery. However, exports of leather, oilseeds and ready-made garments of all textiles contracted during the period. Imports of golds, electronic goods and pearls, precious and semi-precious stones registered growth during the period.

Growing for the third consecutive month, the country’s exports rose marginally by 0.67 per cent year-on-year to USD 27.93 billion in February even as trade deficit widened to USD 12.62 billion.

Get live Share Market updates and latest India News and business news on Financial Express. Download Financial Express App for latest business news.