Exports dip 0.25% after rising for 2 months, imports grow 7%

India’s merchandise exports dipped 0.25% in February 2021 to $27.67 billion dollars, while merchandise imports rose almost 7% to $40.55 billion in the month. The country’s trade deficit has risen 25.8% to $12.88 billion compared with February 2020, as per preliminary official data released by the Commerce and Industry Ministry on Tuesday. Within the trade basket, exports of items excluding petroleum, and gems and jewellery, rose 5.65%, while imports of such items rose 7.4%.