Gems and jewellery exports do well in first week of Jan

The gems and jewellery sector, along with other industries, accounted for good export performance in the first week of January

Post By : IJ News Service On 12 January 2022 2:09 PM

India's exports grew 33.16 per cent to $7.63 billion during January 1-7 period owing to healthy performance by various sectors such as gems and jewellery, engineering and petroleum, according to preliminary data released by the Commerce Ministry.

Exports stood at $5.73 billion during the same period last year.

In the first week of January 2022, imports rose by around 33 per cent to $11.60 billion as compared to $8.72 billion in the same period of 2021.

Imports, excluding petroleum, increased in the period under review by 29.88 per cent over the same period of 2020-21, according to the ministry's data.

The ministry has expressed confidence that the healthy growth rate would help in achieving the target of $400 billion worth goods exports this fiscal.

The country's merchandise exports in December 2021 surged 37 per cent on an annual basis to $37.29 billion, the highest-ever monthly figure.


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