March 4, 2022
The trade deficit also reflected an increase to US$21.19 billion as per the preliminary report released by the commerce ministry this week.
The trade deficit during February 2021 stood at US$13.12 billion.
Imports also rose by 59.21% during the 11 month period to US$550.12 billion.
The trade deficit during this period widened to US$176.07 billion as compared to US$88.99 billion during April-February 2021.
Exports in India increased by 22.36% to US$33.81 billion during February due to growth in key sectors such as engineering, petroleum and chemicals. The trade deficit also reflected an increase to US$21.19 billion as per the preliminary report released by the commerce ministry this week. In the same week, Imports rose by 35% to US$55 billion.
The trade deficit during February 2021 stood at US$13.12 billion. Imports also rose by 59.21% during the 11 month period to US$550.12 billion. The trade deficit during this period widened to US$176.07 billion as compared to US$88.99 billion during April-February 2021.
