New Delhi, March 13 (SocialNews.XYZ) India's merchandise exports rose by 2.91 per cent in February on a year-on-year basis to $27.65 billion from $26.87 billion reported for the corresponding period of the previous year.
Similarly, on a sequential basis, exports were higher than $25.97 billion worth of merchandise which were shipped out in January.
"Non-petroleum and non-gems and jewellery exports in February 2020 were $21.23 billion, as compared to $20 billion in February 2019, exhibiting a positive growth of 6.16 per cent," the Ministry of Commerce and Industry said in a statement.
"Non-petroleum and non-gems and jewellery exports in April-February 2019-20 were $218.83 billion, as compared to $217.60 billion for the corresponding period in 2018-19, an increase of 0.57 per cent," it said.
As per the data, imports rose by 2.48 per cent to $37.50 billion in February from $36.59 billion reported for the corresponding month of 2019.
"Oil imports in February 2020 were $10.76 billion, which was 14.26 per cent higher in dollar terms, compared to $9.41 billion in February 2019," the ministry said.
"Non-oil imports in February 2020 were estimated at $26.74 billion which was 1.60 per cent lower in dollar terms, compared to $27.18 billion in February 2019," the statement said.
However, non-oil and non-gold imports were $24.38 billion in February 2020, recording a negative growth of 0.87 per cent, as compared to $24.59 billion reported for the corresponding period of the previous year.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz