After contracting for six months in a row, the country’s exports grew by 5.27 per cent to USD 27.4 billion in September, Commerce and Industry Minister Piyush Goyal said on Thursday.
He said this is an indicator of the “rapid recovery” of the Indian economy as it surpasses pre-COVID-19 levels across parameters.
“Make in India, Make for the World: Indian merchandise exports grow 5.27 per cent in September 20 as compared to last year,” he said in a tweet.
In September 2019, the exports stood at USD 26.02 billion.
Contracting for the sixth straight month, India’s exports had slipped 12.66 per cent year-on-year to USD 22.7 billion in August.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.