Exports rose 33% to $7.63 billion during January first week
India's exports
grew 33.16 per cent to $7.63 billion during January 1-7 period owing to healthy
performance by various sectors like engineering, petroleum and gems and
jewellery, according to preliminary data released by the Commerce Ministry.
Exports stood at
$5.73 billion during the same period last year. In the first week of January
2022, imports rose by around 33 per cent to $11.60 billion as compared to $8.72
billion in the same period of 2021.
Imports, excluding petroleum, increased in the period under review by
29.88 per cent over the same period of 2020-21, according to the Ministry's
data.
The ministry has
expressed confidence that the healthy growth rate would help in achieving the
target of $400 billion worth goods exports this fiscal.
The country's
merchandise exports in December 2021 surged 37 per cent on an annual basis to
$37.29 billion, the highest-ever monthly figure.
