Exports exhibit growth of 9.28% in Jan, trade deficit improves in April-Jan period
On the other hand, the overall imports in January are estimated to be $70.46 Billion, exhibiting a positive growth of 4.15 per cent over January 2023.
On the other hand, the overall imports in January are estimated to be $70.46 Billion, exhibiting a positive growth of 4.15 per cent over January 2023.
India's overall exports went up to $61.10 billion in September, according to data released by Commerce Ministry on Friday. These were 10.2 per cent higher than the corresponding period of last year.
The merchandise exports were recorded at USD 82 billion during April-June 2018-19 and USD 90 billion during the last quarter of 2020-21, he said.
Gold imports surged to USD 6.12 billion during the month under review as against USD 2.83 million in April 2020.
Exports in December 2019 was $27.11 billion, while imports stood at $39.5 billion. In November 2020, the exports were down by 8.74 per cent.
Outbound shipments in September last year were USD 26.02 billion.
In order to reach the 5-trillion-dollar economy mark as envisaged by Prime Minister Narendra Modi, India must try to bring back the 19-20 per cent export growth.
Addressing the India-Turkey Business Forum here organised by industry chamber Ficci, Prabhu said as part of improving trade relations with Turkey, the Indian Finance Ministry was also looking at a proposal from that country on allowing bilateral trade to be carried out in local currency.
India has often complained to China about less Indian exports due to the strictly-controlled Chinese market.
Apart from global cues, outflow of foreign funds from the Indian equity and bond markets has had an adverse impact on the rupee.