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%.