India's exports rise 18.8% to $20 billion so far in November this year

India’s exports rise 18.8% to $20 billion so far in November this year

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The country’s exports rose 18.8% to $20.01 billion during the three week period of this month, due to growth in sectors such as petroleum products, engineering goods, chemicals and gems, and jewelry

service exports - India's exports rise 18.8% to $20 billion so far in November this year

The country’s exports rose 18.8 percent to USD 20.01 billion during the three week period of this month (November 1-21), due to healthy growth in sectors such as petroleum products, engineering goods, chemicals and gems, and jewelry, according to the preliminary data of the commerce ministry.

Imports during the period increased 45.34 percent to USD 35.11 billion as against USD 24.15 billion during the corresponding period last year, the data showed.

Top 20 Products Export from India | India Export Goods Other Countries

The exports are growing at a healthy rate and are expected to cross USD 400 billion by the end of the current fiscal.

In October, the outbound shipments jumped 43 percent to USD 35.65 billion, while the trade deficit widened to USD 19.73 billion during the month.

Export sectors that are recording positive growth continuously include petroleum, coffee, engineering goods, cotton yarn/fabrics/made-ups, gems and jewelry, chemicals plastic and linoleum, and marine products.

Cumulatively exports during April-October 2021 stood at USD 233.54 billion, which is an increase of 55.13 percent compared to the same period last year. During the same period, imports rose 78.16 percent to USD 331.39 billion, leaving a trade deficit of USD 97.85 billion.

also Read – Import and Export Process in India
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