India's April exports up by 20%

India's April exports up by 20%

Business | Written by : IANS| Updated: Mon, May 15, 2017, 06:15 PM


New Delhi, May 15 (IANS) India's exports revival continued for the eighth straight month, recording 19.77 per cent growth during April 2017, official data showed on Monday.

According to data released by the Ministry of Commerce and Industry, exports grew by 19.77 per cent to $24.63 billion from $20.56 billion worth of merchandise shipped out during April 2016.

"In continuation with the double-digit growth exhibited by exports during March 2017, exports during April 2017 have shown growth of 19.77 per cent in dollar terms valued at $24,635.09 million as compared to $20,568.85 million during April 2016," the ministry said in a statement. 

"Non-petroleum and non- gems and jewellery exports in April 2017 were valued at $17,718.87 million against $15,136.41 million in April 2016 -- an increase of 17.06 per cent."

However, the country's imports during the month under review increased by 49.07 per cent to $37.88 billion.