India's merchandise exports grew by 6 % in Sep after 6 months of decline

Exports increased for the first time in seven months recording a 6 per cent YoY growth to $27.6 billion in September 2020.

Among the major export commodities, rice recorded a rise of 93.9 per cent, drugs & pharmaceuticals of 24.4 per cent and iron ore of 109.7 per cent. Exports of petroleum products rose by 5.1 per cent and that of gems & jewellery fell by 24.7 per cent.

India's import bill decreased by 19.6 per cent from the year ago period to $30.3 billion during the month.

Crude oil imports fell by 35.9 per cent while non-oil imports declined by 14.4 per cent.

Trade deficit in September narrowed to $2.7 billion from $ 6.8 billion in August.