Just in: India’s Services exports grew by 6.44% in May 2021 to $17.85 billion, while Services imports grew just 0.3% to $10 billion, as per initial estimates, Commerce Secretary Anup Wadhawan said on Thursday. | reports @tragicosmicomic
@tragicosmicomic Services trade has consequently recorded a 15.4% higher surplus in May 2021 over May 2020, he said. - reports @tragicosmicomic
@tragicosmicomic With merchandise exports rising 67% over last year as well as 8% over the pre-pandemic month of May 2019, Mr. Wadhawan said that there is a comprehensive recovery in India’s #exports over April and May. | via @tragicosmicomic
@tragicosmicomic While #petroleum and gems and jewellery exports had been doing badly earlier, Mr. Wadhawan said that they have contributed significantly to May’s numbers, suggesting that ‘this is a turning point’ for the two sectors. | reports @tragicosmicomic
@tragicosmicomic "Imports have also grown, which is is a positive sign of the #economy recovering. The trade deficit is under control even though it has gone up slightly," he said. | via @tragicosmicomic
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