New Delhi: India's exports grew 52.39 per cent to $7.71 billion in the first week of this month on good demand in various sectors, including gems and jewellery, engineering and petroleum products, according to preliminary data from the commerce ministry. Imports also grew by about 83 per cent to $9.1 billion during June 1-7. According to the data, engineering exports grew by 59.7 per cent to USD 741.1 million, gems and jewelery exports by 96.38 per cent to USD 2978 million and petroleum products by 69.53 per cent to USD 530.6 million.
However, exports of iron ore, oilseeds and spices registered negative growth during the period under review. Petroleum and crude oil imports rose 135 percent to $1.09 billion in the first week of June. Similarly, imports of electronic goods, pearls and precious stones also increased. Exports to the US, the United Arab Emirates and Bangladesh increased significantly during this period, while imports from China, the US and the United Arab Emirates increased sharply.