India’s exports grew 5.37% $27.24 billion in January 2021 from a year earlier, mainly driven by the pharmaceutical and engineering sectors, according to provisional data from the Commerce Ministry.
The trade deficit narrowed to $14.75 billion from $15.3 billion in January 2020. It was $15.44 billion in December 2020.
Imports rose 2% to $42 billion.
Pharma and engineering exports grew 16.4% ($293 million), and about 19% ($1.16 billion), respectively, data showed.
Sectors that saw healthy growth include oil meals (253%), iron ore (108.7%) and tobacco (26.2%).