Exports rise 5.4% ,trade deficit narrows to $14.75 billion

In yet another sign of economic revival, India’s merchandise exports grew by 5.4 per cent in January to $27.24 billion. This was the second consecutive month of growth, similar to imports, which grew 2.07 per cent during the month.
Trade deficit — at $14.75 billion in January — remained largely unchanged from a month ago, according to preliminary data released by the department of commerce and industry.While higher exports could mean a recovering global economy and improved domestic production, rising trade deficit suggests that consumption is reviving in the country.