Financial Insights

Exports rise 18.8% to $20 billion till now in November

The country’s exports rose 18.8 per cent to $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 jewellery, according to the preliminary data of the commerce ministry. Imports during the period increased 45.34 per cent to $35.11 billion as against $24.15 billion during the corresponding period last year, the data showed.

The exports are growing at a healthy rate and are expected to cross $400 billion by the end of the current fiscal. In October, the outbound shipments jumped 43 per cent to $35.65 billion, while the trade deficit widened to $19.73 billion during the month.

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