Indian Industry in a revival mode
Written by : SMTV24x7 | Tue, May 16, 2017, 06:02 PM
New Delhi MAY 16: A good news from Indian Industry.
India’s export has grown up by 20 per cent in April 2017.
Currently, the total value of exports is $24.63 billion.
The main reasons for the increase in exports are because of strong performance in following sectors
* Petroleum
* Textiles,
* Engineering goods
* Gems and Jewellery.
Currently, the trade deficit stands at $13.2 billion.
Indian Imports have also risen by 49 % in April 2017.
Gold import has increased three-fold to $3.85 billion in a year.
Experts say that the rise in Indian Exports is a good sign for the Indian economy.
Finally, experts have concluded that Indian industry is reviving after a slowdown caused by lack of demand in global countries.