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India’s export growth – sector highlights

After setting itself a modest target of growing its exports by just 15% to around $200 billion, India beat the target by a margin of 23%.

In the end, the rising goods exports also helped bring down the trade deficit — the shortfall between exports and imports — to just $104.4 billion against the upper target of $120 billion.

We give you the highlights of the different sectors and how they performed in the exports segment:

Engineering goods    - US$ 60.00b : 84.76%.

Petroleum(re-export) - US$ 42.45b : 50.58%

Gems & Jewellery     - US$ 33.54b : 15.34%

Drugs & pharma       - US$ 10.32b : 15.08%.

Readymade garments   - US$ 11.10b : 4.23%

Iron Ore             - US$ 04.50b : -25% (decline)

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