According to a report released on Wednesday, Indian exports showed resilience in the first quarter of the current fiscal year (FY25), with positive growth observed in core export commodities including medicines and medications, engineering goods, organic and inorganic chemicals, and ready-made textiles.
A Crisil report states that while growth in carpets, handloom items, man-made products, plastic and linoleum, and ready-made clothing was positive, it was slower than it was the previous month in the area of labor-intensive exports.
Other industries that saw shrinkage included the production of jute flooring, handcrafted carpets, leather goods, and leather goods.
In June, petroleum exports decreased 18.3% year over year and 18.5% month over month.
In order to meet domestic demand at a time when local refineries are running above capacity, oil imports increased even though oil exports decreased.
In June, imports of oil increased by 19.6% as opposed to 28% in May.
Comparing the previous month to this one, imports of wood and wood products, non-ferrous metals, project goods, textiles, yarn fabric made-up commodities, and fruits and vegetables increased.
