India's exports surge 28.51% during February 1-7
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The preliminary data of the commerce ministry has showed that India's exports grew by 28.51 per cent to $8.67 billion during February 1-7 on account of healthy growth in sectors such as petroleum, engineering and gems and jewellery. The exports during the first week of this month rose by about 31 per cent.
According to the data, $8.67 billion per week is almost 20 per cent more than the weekly run rate of $7 billion clocked this year. The country's exports rose by 23.69 per cent to $34.06 billion in January.
Engineering exports rose by 24.13 per cent to $9.2 billion, petroleum by 74.73 per cent to $3.73 billion and gems and jewellery by 13.83 per cent to $3.23 billion. Pharmaceuticals exports stood at $2.05 billion in January. Cumulatively, exports during April-January 2021-22 rose by 46.53 per cent to $335.44 billion as against $228.9 billion in the same period last year.
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