Exports rise 5.37% in Jan; commerce deficit dips to $14.75 bn


New Delhi, February 2

The country’s exports grew 5.37% year-on-year to $27.24 billion in January 2021, mainly driven by healthy growth in pharma and engineering sectors, according to provisional data of the Commerce Ministry.

Trade deficit during the month narrowed to $14.75 billion from $15.3 billion in January 2020. It was $15.44 billion in December 2020.

Imports in January 2021 rose 2% to $42 billion. Exports of pharmaceuticals and engineering grew 16.4% ($293 million), and about 19% ($1.16 billion), respectively, the data showed. — PTI



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