New Delhi: India’s export soared by 25.67 per cent to $28.61 billion in September, logging its highest growth in last six months on the back of expansion in shipments of chemicals, petroleum and engineering products, official data released on Friday said.
This is the highest export growth rate since March when shipments grew by 27.5 per cent.
Import too rose by 18.09 per cent to $37.6 billion in September from $31.83 billion in the year-ago month, according to the data released by the commerce ministry.
Trade balance stood almost flat at $8.98 billion in September 2017 against $9 billion in September 2016.
Commerce minister Suresh Prabhu in a tweet said, “India’s growth story is back! Exports grow by 25.6% in September 2017 as compared to September 2016.”
During September 2017, all the top ten commodity groups of export exhibited positive growth over September 2016 comprising 82.14 per cent share in total exports, he tweeted further.
The trade data showed a decline of 5 per cent in gold import at $1.71 billion in September 2017.
