The country’s exports grew by 30.7 percent in April to $ 40.19 billion

New Delhi, May 13 (H.S.). There is good news on the export front amid the Russia-Ukraine crisis. The country’s exports grew by 30.7 per cent to $40.19 billion in April 2022. However, the country’s trade deficit widened to $20.11 billion in March. After a record performance in the last financial year, exports have also increased […]
 


The country’s exports grew by 30.7 percent in April to $ 40.19 billion

New Delhi, May 13 (H.S.). There is good news on the export front amid the Russia-Ukraine crisis. The country’s exports grew by 30.7 per cent to $40.19 billion in April 2022. However, the country’s trade deficit widened to $20.11 billion in March. After a record performance in the last financial year, exports have also increased in April 2022, taking the export of goods beyond $ 40 billion. The Ministry of Commerce and Industry gave this information on Friday.

According to the Ministry of Commerce and Industry, India’s product exports grew by 30.7 percent to $ 40.19 billion in April 2022. According to the ministry, exports have increased due to the better performance of sectors such as petroleum products, electronic goods and chemicals. During this period, imports also increased by 30.97 percent to $ 60.3 billion. The trade deficit widened to $ 20.11 billion in April, while the trade deficit stood at $ 15.29 billion in April 2021.

According to the ministry, imports of petroleum and crude oil increased by 87.54 per cent to $20.2 billion in the month under review. At the same time, imports of coal, coke and briquettes increased to $ 4.93 billion from $2 billion in April 2021. However, gold imports declined by nearly 72 per cent to US$ 1.72 billion in April 2022 from $6.23 billion in April 2021. In addition, engineering goods exports grew 15.38 percent to $9.2 billion, while petroleum products exports grew 113.21 percent to $7.73 billion.