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India s exports up 6 16% in January; trade deficit narrows to $14 54 bn

India s exports in January 2021 were USD 27.45 billion, as compared to USD 25.85 billion in January 2020, exhibiting a positive growth of 6.16 per cent, said Union Ministry of Commerce and Industry informed on Monday. In Rupee terms, exports were Rs. 2,00,661.11 crore in January 2021, as compared to Rs 1,84,369.73 crore in January 2020, registering a positive growth of 8.84 per cent, the commerce ministry release said. Aside from the exports, the trade deficit for January 2021 was estimated at USD 14.54 billion as against the deficit of USD 15.30 billion in January 2020, which is a decrease of (-) 4.95 per cent India s imports also grew for the second straight month, signifying recovery in domestic demand. Imports in January 2021 were USD 41.99 billion (Rs.3,06,951.56 crore), which is an increase of 2.03 per cent in dollar terms and 4.60 per cent in Rupee terms over imports of USD 41.15 billion (Rs 2,93,452.69Crore) in January 2020, the release said.

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