Indian Economy Revising Signs Of Improvement In Exports In First Eek Of November – Signs Of Improvement In Economy, Export Growth In First Week Of November

The country's economy has started improving. There are signs of improvement in export business. In the first week of November, exports were $ 6.75 billion, representing a 22.47 percent year-on-year growth. In this, medicine, gems and jewelery and engineering sector contributed strongly. An official said this on Tuesday.

$ 1.25 billion increase in November

A year ago, $ 5.51 billion was exported in the first week of November. Accordingly, in November this year, it recorded a growth of $ 1.25 billion. The percentage is 22.47 percent. The official said imports during the period from 1 to 7 November 2020 increased by 13.64 percent to $ 9.30 billion, from $ 8.19 billion in the same period a year ago.

In addition to petroleum, imports of new goods increased

Imports of goods other than petroleum grew 23.37 per cent. If we talk about the trade deficit, it has been $ 2.55 billion. Exports of medicines, gems and jewelery grew by 32 percent to $ 13.91 million, 88.8 percent at $ 336.07 million, respectively. Similarly, engineering goods exports grew by 16.7 percent to reach $ 21.51 million.

Growth was also recorded in September

During this period, exports to the US, Hong Kong and Singapore registered a growth of 54 percent, 176 percent and 91 percent respectively. Petroleum, marine products and leather goods were the major sectors in which exports fell in the first week of November. The country's export business also registered an increase in September, but it again declined in October.

The country's economy has started improving. There are signs of improvement in export business. In the first week of November, exports were $ 6.75 billion, representing a 22.47 percent year-on-year growth. In this, medicine, gems and jewelery and engineering sector contributed strongly. An official said this on Tuesday.

$ 1.25 billion increase in November

A year ago, $ 5.51 billion was exported in the first week of November. Accordingly, in November this year, it recorded a growth of $ 1.25 billion. The percentage is 22.47 percent. The official said imports during the period from 1 to 7 November 2020 increased by 13.64 percent to $ 9.30 billion, from $ 8.19 billion in the same period a year ago.

In addition to petroleum, imports of new goods increased

Imports of goods other than petroleum grew 23.37 per cent. If we talk about the trade deficit, it has been $ 2.55 billion. Exports of medicines, gems and jewelery grew by 32 percent to $ 13.91 million, 88.8 percent at $ 336.07 million, respectively. Similarly, engineering goods exports grew by 16.7 percent to reach $ 21.51 million.

Growth was also recorded in September

During this period, exports to the US, Hong Kong and Singapore registered a growth of 54 percent, 176 percent and 91 percent respectively. Petroleum, marine products and leather goods were the major sectors in which exports fell in the first week of November. The country's export business also registered an increase in September, but it again declined in October.