India’s Exports Grow to $33.28 Billion in Aug

India’s exports rose 45.76 per cent to $33.28 billion in August due to healthy growth in sectors like engineering, petroleum products, gems and jewellery and chemicals. Exports during April-August 2021 advanced by 67.33 per cent to $164.1 billion, the data told. Exports of engineering, petroleum products, gems and jewellery and chemicals expanded by nearly 59 per cent to $9.64 billion, 144.6 per cent to $4.65 billion, 88.3 per cent to $3.43 billion, and 36 per cent to $2.23 billion, respectively.

Former President of the Federation of Indian Export Organisations (FIEO) S K Saraf said export growth remains healthy, and India will be achieving the $400 billion exports target by the end of this fiscal. FIEO President A Sakthivel said that the flow of empty containers and building a regulatory authority to attempt justification of freight hike and demand of various charges by shipping lines need urgent attention of the administration.

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