NEW DELHI: India’s exports in January rose 25 per cent to $34.50 billion on account of healthy performance by sectors such as engineering, petroleum and gems and jewellery, according to data released by the commerce ministry on Tuesday. However, the trade deficit during the month too widened to 17 billion.
Imports grew by 23.54 per cent to $52 billion during the month under review.
Cumulatively, exports increased by 47 per cent to $336 billion during April 2021-January 2022, from $229 billion in the corresponding period a year ago.
Imports during the April-January period expanded by 63 per cent to $496 billion. Trade deficit stood at $160 billion during the ten-month period as against $76 billion in the same period a year earlier.