According to provisional data from the commerce ministry, the country’s exports increased by 23.69% to US$ 34.06 billion in January, owing to strong performances in the engineering, petroleum, and gems and jewellery segments, despite the trade deficit widening to US$ 17.94 billion.
Imports increased by 23.74% to US$ 52.01 billion in January, according to data released on Tuesday. During the month, the trade deficit increased to US$ 17.94 billion, up from US$ 14.49 billion the previous month.
India’s exports increased by 46.53% to US$ 335.44 billion in 2021-22 (April-January) from US$ 228.9 billion in 2020-21. (April-January).
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