Exports rise 5.4% in January; trade deficit narrows to $14.75 billion

Rise in both exports and imports signals recovery is strengthening: Experts

In yet another sign of economic revival, India’s merchandise exports grew by 5.4 per cent in January to $27.24 billion. This was the second consecutive month of growth, similar to imports, which grew 2.07 per cent during the month.

Trade deficit — at $14.75 billion in January — remained largely unchanged from a month ago, according to preliminary data released by the department of commerce and industry.

While higher exports could mean a recovering global economy and improved domestic production, rising trade deficit suggests that consumption is reviving in the country.

“Rise in both merchandise exports and imports in January 2021 is heartening,