India's strong export growth continues with 20% rise in April

Exports from India grew to $24.63 billion in Apri 2017 growing by nearly 20% in comparison the same month last year.

India's strong export growth continues with 20% rise in April
A ship carrying cargo exported out of India. Photo: Pixabay
Written By: IANS
Updated: Mon, May 15, 2017
07:12 pm
New Delhi, IANS
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Key highlights:
  • Exports grew for the eighth straight month
  • India's exports grew by 19.77%
  • Imports also increased significantly during April

India's exports revival continued for the eighth straight month, recording 19.77% growth during April 2017, official data showed on Monday.

According to data released by the Ministry of Commerce and Industry, exports grew by 19.77% to $24.63 billion from $20.56 billion worth of merchandise shipped out during April 2016.

"In continuation with the double-digit growth exhibited by exports during March 2017, exports during April 2017 have shown growth of 19.77% in dollar terms valued at $24,635.09 million as compared to $20,568.85 million during April 2016," the ministry said in a statement.

"Non-petroleum and non- gems and jewellery exports in April 2017 were valued at $17,718.87 million against $15,136.41 million in April 2016 -- an increase of 17.06%."

However, the country's imports during the month under review increased by 49.07% to $37.88 billion.

 

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