India's imports slipped by 19.6 percent to $30.31 billion in Sept. 2020.

The commodities which showed negative growth in imports include machinery, petroleum, precious stones and chemicals.

The commodities which showed negative growth in imports include machinery, petroleum, precious stones and chemicals.According to data on India's Foreign Trade, released by PIB on the behalf of Ministry of Commerce on Oct. 2, the country’s imports in Sept. 2020, slipped by 19.6% to $30.31 billion (Rs 222,708.15 crore). The imports in the same month in 2019 were $37.69 billion (Rs 268,891.09 crore).

Cumulative value of imports for the period April-Sept. 2020-21 was $148.69 billion (Rs.1,114,686.58 crore), against $248.08 billion (Rs.1,735,550.99 crore) during the period April-Sept. 2019-20, registering a negative growth of (-)40.06per cent in dollar terms and negative growth of (-)35.77per cent in rupee terms.

However, after contracting for six months in a row, the exports grew by 5.27% to $27.4 billion, reported TOI.

Major commodity groups of import that showed negative growth in Sept. 2020 over the corresponding month of last year include- transport equipment, machinery (-47.08%), petroleum (-36.76%), pearls, precious and semi-precious stones (-4.89%), and organic and inorganic chemicals (-2.48%).