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India’s economy shows signs of recovery with huge jump in exports & imports | India’s economy shows signs of recovery with huge jump in exports & imports |
(about 1 month later) | |
Exports by one of the world’s largest economies, India, rose by 52% to $7.71 billion in the first week of June, led by sectors including engineering, gems, and jewelry, as well as petroleum products. | Exports by one of the world’s largest economies, India, rose by 52% to $7.71 billion in the first week of June, led by sectors including engineering, gems, and jewelry, as well as petroleum products. |
According to the Press Trust of India, which quoted preliminary data from the Commerce Ministry, imports surged by 83% to $9.1 billion during the period. | According to the Press Trust of India, which quoted preliminary data from the Commerce Ministry, imports surged by 83% to $9.1 billion during the period. |
Statistics show that petroleum and crude oil imports skyrocketed 135% to $1.09 billion. Imports of electronic goods and pearls, precious and semi-precious stones also rose by more than 45% to $324.77 million and 111% to $294 million, respectively. | Statistics show that petroleum and crude oil imports skyrocketed 135% to $1.09 billion. Imports of electronic goods and pearls, precious and semi-precious stones also rose by more than 45% to $324.77 million and 111% to $294 million, respectively. |
Imports from China grew 90% to $809.53 million. Deliveries from the United States were up 89% to $410.65 million. Imports from the UAE were up 164% to about $400 million. | Imports from China grew 90% to $809.53 million. Deliveries from the United States were up 89% to $410.65 million. Imports from the UAE were up 164% to about $400 million. |
Exports to the US grew 60% to $500 million, exports to the UAE were up 57% to $173 million, and exports to Bangladesh surged 212% to $166.3 million | Exports to the US grew 60% to $500 million, exports to the UAE were up 57% to $173 million, and exports to Bangladesh surged 212% to $166.3 million |
Last month, India’s overall exports grew 67% to $32.21 billion. | Last month, India’s overall exports grew 67% to $32.21 billion. |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |