February export growth rate dips for third straight month at 4.48%

A A contraction in major exchange earning sectors such as textiles and engineering goods meant that India’s exports growth continued to slacken for the third straight month in February, with outbound shipments rising at 4.48 per cent, effectively half of January’s 9.07 per cent growth rate. 

A similar situation was seen in December 2017 as well when growth rate had halved to 12.4 per cent from November’s 30.5 per cent.

February exports stood at $25.83 billion, taking the total export tally in the current financial year to $273.73 billion. As a result, the last month of the financial year would have to