Exports rise for the first time in seven months, up 5% in September

Development marks yet another sign of revival as imports continue to decline, albeit at a slower pace, trade deficit shrinks

Turning the tide after six months of contraction and in step with other economic indicators, exports grew 5.27 per cent in September.

Together with improvement in goods and services tax collection, the purchasing managers’ index (PMI), and auto sales, this shows signs of economic recovery after gross domestic product declined 24 per cent in the first quarter of 2020-21.

Boosted by high-value items such as electronic and engineering goods, outbound shipment stood at $27.40 billion in September against $26.02 billion in the same month a year ago, showed the preliminary trade data released by the commerce department on Friday.

Growth was higher than