India’s exports jumped by about 37 percent in January, trade deficit narrowed
In the month of January, the country’s total exports grew by about 37 percent. Total imports increased by 30 percent. There has been a decline in the trade deficit.
Overall exports stood at $61.41 billion.
in january India’s exports ,India Export) registered an increase of about 37 percent. Overall exports stood at $61.41 billion in January. This is inclusive of India’s merchandise and service exports. It registered a growth of 36.76 percent on a yearly basis. Total exports stood at $44.90 billion in January 2021. It has registered an increase of 38.90 percent as compared to January 2020. Total exports stood at $44.21 billion in January 2020. In January Merchandise and service import ,India Import) stood at $67.76 billion. There is a rise of 30.54 percent in comparison to January 2021 and a jump of 30.19 percent compared to January 2020. Total imports are $51.91 billion in January 2021 and $52.05 billion in January 2020. Total in January 2020 trade deficit ,Trade Deficit) was $ 6.35 billion, which was $ 7 billion in January 2021 and $ 7.83 billion in January 2020.
Talking about merchandise exports, in January, the total exports stood at $ 34.50 billion and imports were $ 51.93 billion. Thus the merchandise trade deficit stood at $17.42 billion. This deficit stood at $14.49 billion in January 2021 and $15.30 billion in January 2020. In January 2021, merchandise exports stood at $27.54 billion and imports were $42.03 billion.
Service export and import data
Talking about service imports and exports, in January, service exports stood at $ 26.91 billion, imports were $ 15.83 billion. Thus the service trade surplus stood at $11.07 billion. In January 2021, service exports stood at $ 17.37 billion and imports were $ 9.88 billion. Net service surplus stood at $7.49 billion. In January 2020, this export was $ 18.36 billion and import was $ 10.90 billion. Net service surplus stood at $7.46 billion.
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