After contracting for six months in a row, the country's exports grew by 5.27% year-on-year to $27.4 billion in September, while imports slipped by 19.6% to $30.31 billion, according to the commerce ministry data released on Friday.
The trade deficit during the month under review narrowed to $2.91 billion as against $11.67 billion in the same period of 2019. The exports in September last year stood at $26.02 billion.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Exports during April-September this fiscal dipped by 21.43% to $125.06 billion. Imports during the period stood at $148.69 billion, recording a negative growth of 40.06%.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Commodities that registered positive growth in exports in September include iron ore (109.52%), rice (92.44%), oil meals (43.9%), carpet (42.89%), pharmaceuticals (24.36%), Meat, dairy and poultry products (19.96%), Cotton yarn/fabrics/madeups, handloom products (14.82%), Tobacco (11.09%), Spices (10.07%), petroleum products (4.17%), Engineering goods (3.73%), chemicals (2.87%), and coffee (0.79%).
The ministry said that in September 2020, oil imports fell 35.92% to $5.82 billion. During April-September 2020-21, it contracted 51.14% to $31.85 billion.
Non-oil imports in September too declined by 14.41% to $24.48 billion. The imports during the first half of the current fiscal declined 36.12% to $116.83 billion, the preliminary data showed.
Gold imports dipped by 52.85% during September this year.
Since March, the exports were recording negative growth due to COVID-19 pandemic and sluggish global demand.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
