Business News | India's Overall Exports Grow 4% to $58.36 Bn in October
Get latest articles and stories on Business at LatestLY. India's overall exports (merchandise and services combined) in April-October 2022 are estimated to be $444.74 billion, exhibiting a positive growth of 19.56 per cent over the same period last year. Overall imports in April-October 2022 are estimated to be $543.26 billion, showing a positive growth of 33.80 per cent over the same period last year.
New Delhi [India], November 15 (ANI): India's overall exports in October 2022 are estimated to be USD 58.36 billion, exhibiting a positive growth of 4.03 per cent over the same period last year. The overall exports consist of both exports of merchandise and services.
According to a statement from the Ministry of Commerce and Industry, overall imports in October 2022 are estimated to be $73.00 billion, exhibiting a positive growth of 11.82 per cent over the same period last year.
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India's overall exports (merchandise and services combined) in April-October 2022 are estimated to be $ 444.74 billion, exhibiting a positive growth of 19.56 per cent over the same period last year. Overall imports in April-October 2022 are estimated to be USD 543.26 billion, showing a positive growth of 33.80 per cent over the same period last year.
Merchandise exports in October 2022 were $29.78 billion, against $35.73 billion in October 2021 whereas merchandise imports in October 2022 were $56.69 Billion, as compared to $53.64 billion in October 2021, according to the ministry statement.
The Commerce Ministry said merchandise exports for the period April-October 2022 were $263.35 billion as against $233.98 billion during April-October 2021 whereas merchandise imports in April-October 2022 were $436.81 billion, against $328.14 billion during the period April-October 2021.
It added that the merchandise trade deficit for April-October 2022 was estimated at $173.46 billion as against $94.16 billion in April-October 2021.
India exported non-petroleum and non-gems and jewellery worth $21.72 billion against $26.15 billion in October 2021 whereas imports of non-petroleum, non-gems and jewellery consisting of gold, silver and precious metals were $34.40 billion, compared to $32.88 billion in October 2021.
The ministry's data showed the estimated value of services export for October 2022 was $28.58 billion, against $20.37 billion in October 2021. The ministry statement also said the estimated value of services import for October 2022 is $16.30 billion as compared to $11.64 billion in October 2021. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)