In the first week of January 2021, India registered a growth in exports by 16.22% to US$ 6.21 billion, an official said on Sunday. A positive outlook in the pharmaceutical and engineering sectors can be attributed to year-on-year growth, alluding at an economic revival.
As of January 7, 2021, imports rose by 1.07% to US$ 8.7 billion, compared to US$ 8.6 billion in the same period last.
The official added that imports, except petroleum, increased by 6.56% during the week.
During the first week of January last year, exports amounted to US$ 5.34 billion.
Pharmaceuticals, petroleum and engineering exports increased 14.4% (US$ 61.62 million), 17.28% (US$ 114.72 million) and 51.82% (US$ 636.77 million), respectively.
Also, the improvement in exports from some industries, such as gems and jewellery, engineering and chemicals, indicating further economic development.
Source: IBEF
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