The country’s exports contracted for the sixth consecutive month in August, dragged down by a decline in shipments of petroleum, leather, engineering goods, and gems & jewellery, while imports tumbled by 26% during the month.But data for September indicated a turnaround with exports registering a double-digit increase during the first half of the month.Between September 1 and 14, exports rose 12% to $13 billion, while imports were almost 22% lower at a shade under $13.5 billion, according to data from ports and SEZs.
Commerce and industry minister Piyush Goyal said that oil imports were a little lower in the second week of September and called for pushing textiles and gems & jewellery exports.