Exports see fastest growth in 20 months led by engineering

Friday, 15 March 2024
India's goods exports rose 11.9% to $41.4 billion, highest in 20 months. Imports increased, resulting in a trade deficit of $18.7 billion. Various sectors like engineering goods and electronic goods showed significant growth. "If you look at the 11 months period of the financial year this is the highest export growth which we have achieved, both merchandise as well as overall. This is very heartening," commerce secretary Sunil Barthwal told reporters. The numbers have also given govt the confidence that last year's level will be scaled.

👓 View full article