Exports up 16 per cent in first week of January

New delhi date. 12 January 2021, Tuesday

In the first week of January, exports from the country grew by 12.5 per cent. On the other hand, imports in the country also increased by 1.1 per cent, the Commerce Ministry said.

Exports from the country have been disrupted due to the Koro epidemic and lockdown. It had improved by 3 per cent in September after a drop in exports in the month following the lockdown. Exports also declined in the next two weeks.

After the concessions received at various stages of the unlock, the economic activity is booming and a favorable picture is emerging on the export front. In addition, the significant growth in the first week of the new year has created encouraging optimism on the export front.

Exports of engineering goods have increased by more than 20 per cent during the period under review. So exports of petroleum products have increased by 12.5 per cent.

However, exports to labor-intensive sectors are still disrupted. For example, garment exports declined by 3 per cent and yarn exports by 4 per cent.

In addition, exports of organic and inorganic products declined by 7.5 per cent.