India’s exports rose 17.3% to $ 14.22 billion in March as compared to a year earlier, according to preliminary figures from the Ministry of Commerce, showing healthy signs of revival.
Imports rose 27.8% to $ 22.24 billion during this period, leaving a trade deficit of $ 8.02 billion.
The major sectors that recorded healthy growth in exports include engineering, rice, gems and jewelery.
Leather, oilseed slump
However, exports of leather, oilseeds and finished garments of all textiles contracted in this period.
Imports of gold, electronic goods and pearls during the same period were welcomed as precious and semi-precious stones.
For the third consecutive month, the country’s exports rose 0.67% to $ 27.93 billion in February, while compared to the same period in the previous year, the trade deficit had also increased to $ 12.62 billion.
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