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

Davida Erdahl

New Delhi : India’s products exports rose by two.91 per cent in February on a yr-on-yr basis to $27.sixty five billion from $26.87 billion claimed for the corresponding period of time of the former yr. Likewise, on a sequential basis, exports have been greater than $twenty five.97 billion value of […]

New Delhi : India’s products exports rose by two.91 per cent in February on a yr-on-yr basis to $27.sixty five billion from $26.87 billion claimed for the corresponding period of time of the former yr.

Likewise, on a sequential basis, exports have been greater than $twenty five.97 billion value of products which have been delivered out in January.

“Non-petroleum and non-gems and jewellery exports in February 2020 have been $21.23 billion, as compared to $twenty billion in February 2019, exhibiting a positive expansion of six.sixteen per cent,” the Ministry of Commerce and Sector reported in a assertion.

“Non-petroleum and non-gems and jewellery exports in April-February 2019-twenty have been $218.eighty three billion, as compared to $217.60 billion for the corresponding period of time in 2018-19, an increase of .57 per cent,” it reported.

As per the information, imports rose by two.forty eight per cent to $37.50 billion in February from $36.fifty nine billion claimed for the corresponding month of 2019.

“Oil imports in February 2020 have been $ten.76 billion, which was 14.26 per cent greater in dollar phrases, compared to $nine.41 billion in February 2019,” the ministry reported.

“Non-oil imports in February 2020 have been believed at $26.74 billion which was 1.60 per cent lessen in dollar phrases, compared to $27.eighteen billion in February 2019,” the assertion reported.

However, non-oil and non-gold imports have been $24.38 billion in February 2020, recording a adverse expansion of .87 per cent, as compared to $24.fifty nine billion claimed for the corresponding period of time of the former yr.

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