June 23, 2021

India’s economy shows signs of recovery with huge jump in exports & imports

According to the Press Trust of India, which quoted preliminary data from the Commerce Ministry, imports surged by 83% to $9.1 billion during the period.

Statistics show that petroleum and crude oil imports skyrocketed 135% to $1.09 billion. Imports of electronic goods and pearls, precious and semi-precious stones also rose by more than 45% to $324.77 million and 111% to $294 million, respectively.

Also on rt.com India to avoid recession with economy forecast to grow despite Covid crisis

Imports from China grew 90% to $809.53 million. Deliveries from the United States were up 89% to $410.65 million. Imports from the UAE were up 164% to about $400 million.

Exports to the US grew 60% to $500 million, exports to the UAE were up 57% to $173 million, and exports to Bangladesh surged 212% to $166.3 million

Last month, India’s overall exports grew 67% to $32.21 billion.

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Article source: https://www.rt.com/business/526167-india-exports-surge-economic-recovery/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

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