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India's exports grew 16.22 percent on-year in the first week of January from $5.34 billion last year to $6.21 billion, mainly driven by the gems and jewelry, engineering, and chemicals sectors.
Imports during the period also increased by 1.07 percent from $8.6 billion in 2020 to $8.7 billion in the same period of 2021.
Excluding petroleum, imports were still up by 6.56 percent during the week. Exports from the engineering sector soared 51.82 percent to $636.77 million, while those from petroleum went up 17.28 percent to $114.72 million. Outbound shipments of pharmaceuticals soared 14.4 percent to $61.62 million.
Exports shrunk by 8.74 percent in November and by 0.8 percent in December.
The improvement was mainly due to the increase in shipments of certain
After a gap of nine months, imports recorded a positive growth of 7.6 percent at $42.6 billion in December 2020.
