Good News Came for the Country Today Under the Leadership of Modi Government: India’s exports grew by 46.43 Percent to $14.06 billion
New Delhi: Today good news has come for the country under the leadership of Modi government. According to preliminary data from the commerce ministry, India’s exports grew by 46.43 percent to $14.06 billion during June 1-14 due to better performance in sectors such as engineering, gems and jewelry, and petroleum products. According to the data, imports also increased by 98.33 percent to $ 19.59 billion during this period. Exports from sectors like engineering, gems and jewelry, and petroleum products registered good growth during the period under review. According to the data, exports grew 52.39 percent to $ 7.71 billion in the first week of this month and nearly 40 percent to $ 6.35 billion in the second week of this month.
Exports rise 69.35 percent to $32.27 billion in May, trade deficit widens to $6.28 billion
The country’s exports grew by 69.35 percent to $32.27 billion in May. The export figures have increased due to the good performance of sectors like engineering, petroleum products, and gems and jewelry. The trade deficit widened to $6.28 billion during this period. Exports in May last year stood at $19 billion, while in May 2019, exports stood at $29.85 billion.
Imports also rose 73.64 percent to $38.55 billion in May, from $22.2 billion in the same month a year ago, according to government data released on Tuesday. Thus the trade deficit widened to $6.28 billion. In May 2019, imports stood at $46.68 billion. The trade deficit stood at $3.15 billion in May 2020.
Exports more than doubled to $62.89 billion in the first two months of the current fiscal, April-May, from $29.41 billion in the same months a year ago. Imports during April-May, 2021 stood at $84.27 billion as against $39.32 billion in the same period last year. The trade deficit stood at $21.38 billion in the first two months of the fiscal, compared to $9.91 billion in the same period last year.
Oil imports rose to $9.45 billion in May 2021 from $3.49 billion in the same month last year. Gold imports rose to $679 million from $763 million in May 2020. Exports of engineering, petroleum products, and gems, and jewelry stood at $8.64 billion, $5.33 billion, and $2.96 billion, respectively, in May.
