Marginal decline in exports in October

After staying in the positive growth territory for nearly a year, Indian exports during October registered a marginal decline. According to a government press note, in October exports from the country were valued at US$ 23098.18 million as compared to US$ 23360.61million in the same month last year – a decline of 1.12 percent in dollar terms. In Rupee terms, during October 2017 exports were valued at Rs.150325.95 crore as compared to Rs.155926.73 crore during October,2016, registering a decline of 3.59per cent.  However, during April-October 2017-18 exports have exhibited a positive growth of 9.62 per cent in dollar terms.

During October 2017, major commodity groups of export showing positive growth over the corresponding month of last year are: Engineering Goods(11.77%), Petroleum Products(14.74%), Organic & Inorganic Chemicals(22.29%), Cotton Yarn/Fabs./made-ups, Handloom Products etc. (4.83%),Marine Products (8.52%) and Plastic & Linoleum (24.46%) .

Spread the love

Related posts

Leave a Comment