Exports rise to $27 bn in December

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New Delhi, Jan 15 : India’s exports grew to $27.03 billion in December 2017 from $26.19 billion in November 2017 and $24.05 billion during the corresponding month of previous year, official data showed on Monday.

According to the Ministry of Commerce and Industry, exports during last month exhibited a growth of 12.36 per cent on a year-on-year (Y-o-Y) basis.

“Exports during December 2017 have exhibited positive growth of 12.36 per cent in dollar terms vis-à-vis December 2016,” the ministry said in a statement.

“Exports have been on a positive trajectory since August 2016 to December 2017 with a dip of 1.1 per cent in the month of October 2017.”

However, the country’s imports during the month under review also increased to $41.91 billion from $40.02 billion in November and $34.60 billion reported for the corresponding period of the previous year.