India’s exports rose to $61 billion in September
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.
India’s overall exports in January exhibited a positive growth of 9.28 per cent at $69.72 billion compared to the same month last year, data released by the government on Thursday.
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.
Importantly, the government data has said India’s trade deficit has shown considerable improvement in April-January 2023-24 with the overall trade deficit for April-January 2023-24 estimated at $70.43 Billion as compared to the deficit of $111.99 Billion during April-January 2022-23, registering a decline of (-) 37.11 per cent.
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The merchandise trade deficit during April-January 2023-24 is $207.20 Billion compared to $229.37 Billion during April-January 2022-23, registering a decline of (-) 9.66 per cent.
For the period between April to January 2023-24, India’s overall exports are estimated to be $638.37 Billion, exhibiting a negative growth of (-) 0.19 per cent.
The overall imports in the same period are estimated to be USD 708.79 Billion, exhibiting a negative growth of (-) 5.69 per cent.
Merchandise exports in January 2024 were $36.92 Billion, as compared to $35.80 Billion in January 2023, while the merchandise imports in January 2024 were $54.41 Billion, as compared to $52.83 Billion in January 2023, the data said.
For April to January 2023-24, the merchandise exports were $353.92 Billion as against $372.10 Billion during April to January 2022-23.
Merchandise imports for the period April-January 2023-24 were USD 561.12 Billion as against USD 601.47 Billion during April-January 2022-23.
The merchandise trade deficit for April-January 2023-24 was estimated at USD 207.20 Billion as against USD 229.37 Billion during April-January 2022-23.
As per the government data, the estimated value of services exported for January 2024 is $32.80 Billion, as compared to $28.00 Billion in January 2023 while the estimated value of services imported for January 2024 is $16.05 billion as compared to $14.83 Billion in January 2023.
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