Use G20 Presidency to expand markets: Commerce Minister
Piyush Goyal says India’s G20 Presidency is an opportunity for businesses to expand markets with open minds and engage with the world with confidence
merchandise exports
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Future of Indian trade is in services exports
Services exports are booming, significantly reducing trade deficits generated by merchandise trade, but it remains a blind spot for policymakers with little data, analysis or efforts to push
US emerges as India’s biggest trading partner for 2nd year straight
India's overall trade with neighbouring China declined 1.5% to $113.83 billion in FY23 vs $115.42 billion in FY22
India's merchandise exports rise to $447 bn in FY23
Merchandise exports dropped 13.9% year-on-year to $38.38 billion in March while imports fell 7.9% year-on-year to $58.11 billion.
Aided by services, India to achieve $750 billion export target in FY23: Govt
India’s overall exports (Merchandise and Services combined) in April-February 2022-23 are estimated to exhibit a positive growth of 16.18% YoY
Exports dip 6.6% to $33 bn in Jan; trade deficit at $17.7 bn
India's trade deficit ballooned to $83.5 billion in FY22, a manifold rise from Covid-hit year of 2020-21 when it was $13.2 bn, shows govt data
India's Q1 current account deficit at 36-quarter high of $28.4 bn: Ind-Ra
Ind-Ra expects India’s merchandise exports to slow down despite touching a record high of $121.2 billion in Q1 FY23
June merchandise exports up 16.8%; trade deficit at $25.6 bn
The increase in exports was led by growth in petroleum products exports (98.01%), followed by electronic goods (50.66%) and ready-made garments of all textiles (44.67%) during June 2022
Trade deficit zooms 271.9% in May even as India registers record goods exports
The top sectors, which led export growth, were petroleum products, engineering goods, electronic goods, chemicals, ready-made garments, gems & jewellery, and drugs & pharmaceuticals.
April exports up 30% to $40.1 bn; trade deficit widens to $20.11 bn
The overall trade deficit, including merchandise and services segments, grew 17.83% to $8.08 billion in April 2022 vs $6.86 billion in April 2021.
