NEW DELHI, Mar 3 (NNN-PTI) – India’s exports in Feb this year stood at 33.81 billion U.S. dollars, an increase of 22.36 percent over 27.63 billion dollars in Feb, 2021, according to data issued by the federal Commerce and Industry Ministry, yesterday.
The country’s exports in Apr, 2021-Feb, 2022, were 374.05 billion dollars, an increase of 45.80 percent over 256.55 billion dollars in Apr, 2020-Feb, 2021.
According to official data, India’s imports in Feb, 2022, were 55.01 billion dollars, an increase of 34.99 percent over 40.75 billion dollars in Feb, 2021.
The trade deficit in Feb, 2022, was 21.19 billion dollars, while it was 176.07 billion dollars during Apr, 2021-Feb, 2022.
President of the Federation of Indian Export Organisations, A. Sakthivel said, in a statement that, the latest data has once again showcased the continuous resilience of India’s exports sector.
“The enthusiasm with which the Exim (export import) community has impressively performed, has not only given a boost to the sector, but has also helped the economy’s growth recovery process,” he said.
“With monthly exports crossing the 30-billion (U.S. dollar) mark, for the 11th consecutive time during the fiscal, we are on course to cross the 400-billion U.S. dollar exports target, for the fiscal,” he added.– NNN-PTI
