Exports up 10%, imports marginally this month

NEW DELHI: India’ s exports grew by 10.3% to USD 683 million during th e first week of February on account of strong performance by key sectors incl du ding engineering and chemicals.

Imports too increased by a marginal 0.7% to USD 72.5 million during the w eek, the official added.

Trade deficit narrowed by 19.4% to USD 610 million.

Engineering goods showcased the maximum growth and the out bound shipments witnessed multifold increase to USD 1.6 billion during February 1-8.

Exports of organic and in organic chemicals stood at USD 617 million during the period. Sectors which recorded negative growth include meat, dairy and poultry products.