Industry

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

A view of the Visakha Container Terminal in Visakhapatnam. File

A view of the Visakha Container Terminal in Visakhapatnam. File   | Photo Credit: K.R. Deepak

Imports during the period declined by 7.30% to $436 billion, leaving a trade deficit of $143.12 billion.

India’s exports rose for the first time in seven months in February growing by 2.91% to $27.65 billion, according to the commerce ministry data released on Friday.

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

Oil imports jumped by 14.26% to $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% to $292.91 billion.

Imports during the period declined by 7.30% to $436 billion, leaving a trade deficit of $143.12 billion.

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Printable version | May 25, 2020 11:53:00 PM | https://www.thehindu.com/business/Industry/exports-post-first-rise-in-7-months-grow-by-291in-february/article31061287.ece

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