Exports outspace imports at 11%

CONTEXT:

  • India’s exports rose to a five-month high of 11% in March on account of higher growth mainly in pharma, chemicals and engineering sectors.
  • It marked the outbound shipments at $331 billion for FY 2018-19.
  • Merchandise exports in March stood at $32.55 billion as against $29.32 billion last year.
  • This is the best growth rate for exports since October 2018, when shipments grew by 17.86%.
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