Merchandise exports grow at a slower pace in January, touch $34 billion

India’s exports grew at a slower pace in January, recording the highest ever monthly outbound shipments of goods in December, preliminary data released by the commerce and industry ministry showed.

However, consignment values remained above the $30 billion mark despite a rise in Omicron cases across the globe. Merchandise exports witnessed nearly 23.69 per cent growth on yearat $34.06 billion in January, as demand for Indian products continued to remain robust.

On a sequential basis, outbound shipments fell 8.6 per cent.

Engineering goods, petroleum products, gems and jewellery, organic and inorganic chemicals, drugs and pharmaceuticals, continued to remain top exported goods.

On a cumulative