India’s merchandise exports jumped 21.35 per cent to $33.44 billion in September on a year-on-year basis, mainly due to better performance by key sectors like engineering goods and petroleum products, according to preliminary data released by the government on Friday. In September, merchandise imports stood at $56.38 billion, an increase of 84.75 per cent
The country’s merchandise exports will grow 33 per cent to amount to $98.45 billion in the second quarter of FY 2021-22, said India Exim Bank on Friday, joining a slew of institutions predicting the economy to improve as coronavirus cases decline. Non-oil exports will amount to $85.63 billion, growing at 28.3 per cent compared to
Led by strong demand from the US, Europe and United Arab Emirates (UAE), engineering goods exports from India reached an all-time high of $9.14 billion in July, accounting for one-fourth of the country’s total merchandise exports. The engineering goods exports on a monthly basis surpassed the previous record high of $8.8 billion in June 2021,
Commerce and industry minister Piyush Goyal said he wants both goods and services exports from India to touch $1 trillion each and the government is working on a specific plan of action where it will soon announce a deadline to achieve these targets. Addressing NRIs and chartered accountants on Sunday, Goyal said last year services
The country’s exports are growing at a healthy rate and now exporters can aim for USD 450-500 billion of outbound shipments during the next fiscal year, Commerce and Industry Minister Piyush Goyal said on Saturday. Exports have touched USD 197 billion during April-September this fiscal, he said. Goyal said with 48 per cent of the targeted volumes have been achieved, exports
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