Indian Industry in a revival mode

 SMTV Desk 2017-05-16 18:02:52  Industry, India, Exports, Current defecit,Petroleum
Indian Industry in a revival mode

New Delhi MAY 16: A good news from Indian Industry.India s export has grown up by 20 per cent in April 2017.Currently, the total value of exports is $24.63 billion.The main reasons for the increase in exports are because of strong performance in following sectors* Petroleum* Textiles, * Engineering goods * Gems and Jewellery.Currently, the trade deficit stands at $13.2 billion.Indian Imports have also risen by 49 % in April 2017.Gold import has increased three-fold to $3.85 billion in a year.Experts say that the rise in Indian Exports is a good sign for the Indian economy.Finally, experts have concluded that Indian industry is reviving after a slowdown caused by lack of demand in global countries.