The country’s exports grew by 6.16 per cent to $27.45 billion in January, according to data released by the commerce ministry. Imports too grew by 2 per cent to about $42 billion, leaving a trade deficit of $14.54 billion during the month under review, the data showed.
Exports during April-January this fiscal dipped by 13.58 per cent to $228.25 billion, while imports declined by 25.92 per cent to $300.26 billion.
“India’s overall exports including merchandise and services combined in April-January2020-21 are estimated to be $396.60 billion, exhibiting a negative growth of 10.63 per cent over the same period last year. Overall imports in April-January 2020-21 are estimated to be $398.47 billion, exhibiting a negative growth of 22.80 per cent over the same period last year,” Ministry of Commerce & Industry said in a press release.