Indian Economy News

Exports rise 21% to USD 23.7 bn during May 1-21

India’s exports increased by 21.1% to US$ 23.7 billion from May 1-21, owing to excellent growth in several industries such as petroleum products, engineering, and electronic items. Exports increased by roughly 24% to US$ 8.03 billion during the second week of this month (May 15-21).

Exports of petroleum products, engineering, and electronic items increased by 81.1%, 17%, and 44%, respectively, from May 1-21.

Exports increased by 30.7% to US$ 40.19 billion in April, while imports increased by 30.97% to US$ 60.3 billion.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.