India's exports rise by 22.36 pct in February: gov't data
Source: Xinhua | 2022-03-03 | Editor:Ines
India's exports in February 2022 stood at 33.81 billion U.S. dollars, an increase of 22.36 percent over 27.63 billion dollars in February 2021, according to data issued by the federal Commerce and Industry Ministry on Wednesday.
The country's exports in April 2021-February 2022 were 374.05 billion dollars, an increase of 45.80 percent over 256.55 billion dollars in April 2020-February 2021.
According to official data, India's imports in February 2022 were 55.01 billion dollars, an increase of 34.99 percent over 40.75 billion dollars in February 2021.
The trade deficit in February 2022 was 21.19 billion dollars, while it was 176.07 billion dollars during April 2021-February 2022.
President of the Federation of Indian Export Organizations A. Sakthivel said in a statement that the latest data has once again showcased the continuous resilience of India's exports sector.
"The enthusiasm with which the Exim (export import) community has impressively performed has not only given a boost to the sector, but has also helped the economy's growth recovery process," he said.
"With monthly exports crossing the 30-billion mark (U.S. dollars) for the 11th consecutive time during the fiscal, we are on course to cross the 400 billion U.S. dollars exports target for the fiscal," he added.
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