Showing healthy signs of revival, India’s exports grew 17.3% to $ 14.22 billion during March 1-14 compared with a year earlier, according to the Commerce Ministry’s preliminary data.
Imports during the period increased 27.8% to $ 22.24 billion, leaving a trade deficit of $ 8.02 billion, the data showed.
The key sectors that recorded healthy growth in exports include engineering, rice, gems and jewelery.
Leather, oilseeds slump
However, exports of leather, oilseeds and ready-made garments of all textiles contracted during the period.
Import of gold, electronic goods and pearls as wel as precious and semi-precious stones registered growth during the same period.
Growing for the third consecutive month, the country’s exports rose marginally by 0.67% to $ 27.93 billion in February, compared with the same period in the previous year, even as the trade deficit widened to $ 12.62 billion.