New Delhi: India exports in January rose 25.28 percent to $ 34.50 billion due to healthy performance by mainly techniques, petroleum and gems and jewelry sectors, even when the trade deficit widened to 17.43 billion, according to the data issued by the Ministry of Commerce on Tuesday.
Imports grew by 23.54 percent to $ 51.93 billion during the month reviewed.
The trade deficit, the difference between imports and exports, reached $ 14.499 in January 2021.
Cumulatively, exports increased by 46.73 percent to $ 335.88 billion for 2021 January 2022, from $ 228.92 billion in the same period last year.
Imports during the April-January period were expanded at 62.65 percent to $ 495.75 billion.
The trade deficit reached $ 159.87 billion over a ten-month period by opposing $ 75.87 billion in the same period the previous year.
According to data, gold imports in January 2022 were dipped by 40.52 percent to $ 2.4 billion.
Crude oil imports rose 26.9 percent to $ 11.96 billion in January.
Export engineering, gems and gems and jewelers in January 2022 increased 24.11 percent, 95.23 percent and 13.64 percent to $ 9.2 billion, $ 4.17 billion and $ 3.23 billion.
However, pharmaceutical exports were dipped by 1.15 percent to $ 2.05 billion in January.
The Federation of Indian Export Organization (FIEO) Vice President Khalid Khan said that there was a current growth rate, India would exceed the $ 400 billion export target for this fiscal.
However, President Fieo, Sakthiel, said that imports recorded $ 51.93 billion for a month with a growth of 23.54 percent, was the point of “attention and must be analyzed”.
Data also showed that the estimated value of service exports for January reached $ 26.91 billion, showing a positive growth of 54.95 percent during the same month last year.
Imports rose 60.32 percent to $ 15.83 billion.
“The estimated value of the service exports for April-January 2021-22 was $ 209.83 billion, showing a positive growth of 25.31 percent vis-visi-vis April-January 2020-21 ($ 167.45 billion) …
imports for April -January 2021 -22 is $ 121.16 billion showing positive growth of 27.69 percent vis-vis-vis April-January 2020-21 ($ 94.88 billion), “he said.