Exports rise 5.37% in January.

Imports expanded 2.05% last month while exports grew 5.37%, leaving a trade deficit of $14.75 billion, according to preliminary data released by the commerce ministry. Non-petroleum and non-jewellery imports grew 5.94%. India’s merchandise exports as well as imports expanded for the second consecutive month in January, signaling a turnaround in domestic and external demand after the pandemic devastated value of trade in Asia’s third largest economy.