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Exports rise 5.37% in January, buoyed by pharma, engineering sectors

Imports during the month rose 2% to $42 billion

india-trade-exports-cargo-world-rep-shutterstock Representational image | Shutterstock

The country's exports grew 5.37 per cent year-on-year to $27.24 billion in January 2021, mainly driven by healthy growth in pharmaceuticals and engineering sectors, according to provisional data of the commerce ministry.

Imports during the month rose 2 per cent to $42 billion, leaving a trade deficit of $14.75 billion, the data showed.

Exports of pharmaceuticals and engineering grew 16.4 per cent ($293 million), and about 19 per cent ($1.16 billion), respectively. 


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