LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

India’s exports rise over 17%, first double digit growth in two years

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
India’s exports rise over 17%, first double digit growth in two years
The Ministry further added that exports were valued at Rs 1,64,269.71 crore as compared to Rs 1,42,246.46 crore during the corresponding period of the previous year. Image Source: Pixabay
Written By: ZeeBiz WebTeam
Updated: Wed, Mar 15, 2017
07:31 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Umbrella PLI scheme proposed to replace MEIS, promote domestic manufacturing Umbrella PLI scheme proposed to replace MEIS, promote domestic manufacturing
Turant Customs: Exporters alert! Secure QR coded Shipping Bill is here from CBIC - All about new customs clearance process Turant Customs: Exporters alert! Secure QR coded Shipping Bill is here from CBIC - All about new customs clearance process
Exporters alert! Modi government takes this big decision - Check how you will benefit Exporters alert! Modi government takes this big decision - Check how you will benefit
Spices exports up 10 pc to USD 3.7 bn in 2019-20 Spices exports up 10 pc to USD 3.7 bn in 2019-20
Big rebate in taxes! Good news for these traders from Modi government Big rebate in taxes! Good news for these traders from Modi government

Ministry of Commerce and Industry on Wednesday put out India’s foreign trade numbers wherein the country’s exports had grown in double digits for the first time since 2014, as analyst Firat Unlu from The Economist Intelligence Unit pointed out.

Boom! - #India's exports up 17.5% in February, first double-digit expansion since 2014

— Firat Unlu (@FiratUenlue) March 15, 2017

“In continuation with the revival exhibited by exports since September 2016, exports during February 2017 for the first time exhibited a double digit positive growth of 17.48% in dollar terms valued at $ 24490.27 million as compared to $ 20845.73 million during February 2016,” the Ministry said.

The Ministry further added that exports were valued at Rs 1,64,269.71 crore as compared to Rs 1,42,246.46 crore during the corresponding period of the previous year.

Imports on the other hand were valued at $ 33,386.57 million (Rs 2,23,942.06 crore) which the Ministry said was 21.76% higher in dollar terms and 19.69% higher in rupee terms over the same period last year.

“Oil imports during February, 2017 were valued at $ 7681.20 million which was 60.02% higher than oil imports valued at $ 4800.20 million in February 2016,” the Ministry added. 

The data revealed by the Ministry showed that India’s trade balance was $ -6,573.25 million in 2015-16 and $ -8,896.30 million in 2016-17.

“Overall the trade balance has improved. Taking merchandise and services together, overall trade deficit for April- February 2016-17 is estimated at US$ 41808.38 million which is 24.0 percent lower in Dollar terms than the level of US$ 55028.99 million during April-February 2015-16,” the Ministry added.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
exportsImportsTrade BalanceEconomyMinistry of Commerce & Industryoil importsrupee valuedollar value
RELATED NEWS
Umbrella PLI scheme proposed to replace MEIS, promote domestic manufacturing Umbrella PLI scheme proposed to replace MEIS, promote domestic manufacturing
Turant Customs: Exporters alert! Secure QR coded Shipping Bill is here from CBIC - All about new customs clearance process Turant Customs: Exporters alert! Secure QR coded Shipping Bill is here from CBIC - All about new customs clearance process
Exporters alert! Modi government takes this big decision - Check how you will benefit Exporters alert! Modi government takes this big decision - Check how you will benefit
Spices exports up 10 pc to USD 3.7 bn in 2019-20 Spices exports up 10 pc to USD 3.7 bn in 2019-20
Big rebate in taxes! Good news for these traders from Modi government Big rebate in taxes! Good news for these traders from Modi government

LATEST NEWS

Gold price today recovers from nine-month low on U.S. stimulus cheer

Women's Day: Women in Uttar Pradesh get priority for Covid-19 jab

Chinese beauty app Meitu shares surge after cryptocurrency investment

Meghan on racism in UK royal family, considering suicide and crying due to Kate

SBI share price Technical Analysis: Decoded by Bonanza Portfolio

Rakesh Jhunjhunwala stocks: This Big Bull-owned MULTIBAGGER has delivered more than 42 pct in less than two month

Easy Trip Planners IPO: Issue Details highlighted by ICICI Securities

Mumbai-Ahmedabad Bullet Train: Tech bids open for bridge project - Check latest news development

Jonita Gandhi: ''Top Tucker'' took around 20 minutes to record

Stocks in Focus on March 8: Easy Trip planners IPO, Adani Ports, BEML to Religare; here are the 5 Newsmakers of the Day

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved