
Goods exports grow 6.21% in October
Merchandise imports for October shot up 12.3% to $65.03 billion, as compared to $57.91 billion in October 2022.
Merchandise imports for October shot up 12.3% to $65.03 billion, as compared to $57.91 billion in October 2022.
The services exports surged 13.43% year-on-year to $28.70 billion during the month under review as against $25.30 billion in the same period last year
Merchandise exports declined by 22% to $32.97 billion in June as against $42.28 billion in the same period last year.
The sequential decline in CAD mainly on moderation in the trade deficit to $52.6 bn from $71.3 bn in the previous quarter, coupled with robust services exports
India’s trade deficit has, however, shown a considerable decline of 7.95% in April-May 2023
India’s overall exports in April 2023 were recorded at $65.02 billion, up 2% YoY, while imports dipped 7.9% to $66.4 bn
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.
The commerce ministry says India’s trade is moving forward on the high growth wave even with the high base of last year.
The country’s imports witnessed a growth of 5.7% to $69 billion in October this year as against $53.64 billion in October 2021.
Exports rose marginally by 1.62% to $33.92 billion last month as compared to $33.38 billion in August 2021.