November 29, 2021

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India’s Feb merchandise exports rises by 2.91%, Retail News, ET Retail

New Delhi : India’s products exports rose by 2.ninety one for every cent in February on a year-on-year basis to $27.sixty five billion from $26.87 billion noted for the corresponding period of the earlier year.

Equally, on a sequential basis, exports were larger than $twenty five.97 billion really worth of products which were shipped out in January.

“Non-petroleum and non-gems and jewellery exports in February 2020 were $21.23 billion, as compared to $twenty billion in February 2019, exhibiting a favourable expansion of six.sixteen for every cent,” the Ministry of Commerce and Industry claimed in a statement.

“Non-petroleum and non-gems and jewellery exports in April-February 2019-twenty were $218.eighty three billion, as compared to $217.sixty billion for the corresponding period in 2018-19, an improve of .fifty seven for every cent,” it claimed.

As for every the data, imports rose by 2.forty eight for every cent to $37.fifty billion in February from $36.59 billion noted for the corresponding thirty day period of 2019.

“Oil imports in February 2020 were $ten.76 billion, which was 14.26 for every cent larger in greenback terms, compared to $nine.41 billion in February 2019,” the ministry claimed.

“Non-oil imports in February 2020 were approximated at $26.seventy four billion which was 1.sixty for every cent decrease in greenback terms, compared to $27.18 billion in February 2019,” the statement claimed.

Having said that, non-oil and non-gold imports were $24.38 billion in February 2020, recording a unfavorable expansion of .87 for every cent, as compared to $24.59 billion noted for the corresponding period of the earlier year.