Good news for exports even though remittance flow is low. In the recently concluded month of March, the income from the export of goods was 510 crore 25 lakh dollars. This income is 10 percent more than the same month last year. Exports increased mainly due to increase in shipments of readymade garments.
This information has emerged in the updated report of the Export Promotion Bureau on Tuesday (April 2). However, March as a single month did not achieve the set export target.
In the first nine months of the fiscal year, the exports of goods amounted to 4 thousand 355 crore dollars, which is 4.39 percent more than the same period of the previous year.
Export earnings increased in ready-made garments, agriculture and plastics sector. In the 9 months of the financial year, the export income of the ready-made garment sector has increased by about 5 and a half percent.
On the contrary, income has decreased due to decrease in home textiles, jute and leather products. Export income of leather and leather products decreased by 13.65 percent.