After setting itself a modest target of growing its exports by just 15% to around $200 billion, India beat the target by a margin of 23%.
In the end, the rising goods exports also helped bring down the trade deficit — the shortfall between exports and imports — to just $104.4 billion against the upper target of $120 billion.
We give you the highlights of the different sectors and how they performed in the exports segment:
Engineering goods - US$ 60.00b : 84.76%. Petroleum(re-export) - US$ 42.45b : 50.58% Gems & Jewellery - US$ 33.54b : 15.34% Drugs & pharma - US$ 10.32b : 15.08%. Readymade garments - US$ 11.10b : 4.23% Iron Ore - US$ 04.50b : -25% (decline)