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TOG NEWS

During January 2018, Indian exports rise by 1.95% in INR value
By TOG News Service
Feb 15, 2018

 TOG News Service, NEW DELHI, FEB 15, 2018: IN a positive note for trade & commerce in India, the exports for the month of January 2018, registered a growth of 9.07% in terms of US Dollars, in comparison with January 2017. It may be noted that exports have been on a positive trajectory since August 2016 to January 2018, with only a dip of 1.1% in October 2017. In terms of US Dollars, Indian exports for January 2018 value at USD 24383.97 million, in comparison to the exports worth USD 22356.32 million as of January 2017. In terms of Indian Rupee, the value of the exports for January 2018 is Rs 155172.00 crores, compared to Rs 152202.70 crores during January 2017. Thereby, even in Indian INR, there has been a 1.95% rise in export value.       

During January 2018, the major commodities whose export showed a positive growth and the corresponding hike in export value, were engineering goods (15.77%), Petroleum products (39.5%), Gems & Jewellery (0.89%), organic & inorganic chemicals (33.6%) and drugs & pharmaceuticals (8.6%). The cumulative value of exports for the period April-January 2017-18 was USD 247896.55 million (Rs1596591.91 crores) as against US $221823.46 million (Rs1490544.21 crores). This registered a positive growth of 11.75% in Dollar terms and 7.11% in Rupee terms over the same period last year.

Non-petroleum and Non Gems & Jewellery exports in January 2018 were valued at US$ 17523.24 million as against US$ 16607.36 million in January 2017, an increase of 5.51%. Non-petroleum and Non Gems and Jewellery exports during April-January 2017-18 were valued at US$ 181238.18 million as compared to US$ 161281.88 million for the corresponding period in 2016-17, an increase of 12.37%. Further, with regard to export of services, exports during December 2017 were valued at US$ 16,005 million (Rs. 102819.83 Crores) registering a positive growth of 3.98% in Dollar terms as compared to positive growth of 8.76% during November 2017.