Exports outpace imports at 11% in March

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India’s exports have risen by 11% in March from a year earlier, while imports were up by 1.44% during the same period,according to data released by the commerce and Industry ministry.

Highlights:

  • The Exports of goods in 2018-19 hit a new high of $331 billion, breaching the previous high of $314 billion clocked in 2013-14.
  • Imports in 2018-19 grew 8.99 percent to $507 billion.
  • Trade deficit in 2018-19 increased to $176 billion, compared to $162 billion in the previous year.
  • The growth in exports has come about due to significant contributions from sectors such as engineering goods, chemicals, pharmaceuticals, and petroleum products.

Source:The Hindu

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