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Exports grow 5% in September in another sign of economic recovery

Commerce & Industry minister Piyush Goyal tweeted that exports stood at $27.50 billion in September 2020 against $26.02 billion in the same period last year

Topics
Indian exports | Indian Economy | Lockdown

Indivjal Dhasmana  |  New Delhi 

imports, exports, retailers
Exports at $27.50 billion in September is higher than $27.65 billion in February which was a pre-lockdown month in the true sense

Exports grew, for the first time in 7 months, by 5.27 per cent in September. Together with GST collections and PMI numbers, this shows signs of recovery.

Commerce & Industry minister Piyush Goyal tweeted that exports stood at $27.50 billion in September 2020 against $26.02 billion in the same period last year.

"Another indicator of the rapid recovery of as it surpasses pre-Covid levels across parameters," he tweeted.

His tweet further said that exports took a leap in September as Atmanirbhar Bharat emerged stronger from Covid.

Exports at $27.50 billion in September is higher than $27.65 billion in February which was a pre-month in the true sense. In March, when the country was under for about a week, exports stood at $21.41 billion, contracting by 34.57 per cent. The following month they fell by an unprecedented 60 per cent due to total

Even before Covid-19, exports had been falling with only February numbers showing growth.

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First Published: Thu, October 01 2020. 23:10 IST
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