Business

Indian exports grew by 38.91%, know which ‘Made in India’ product made a splash

Photo:FILE

Indian exports grew by 38.91%, know which ‘Made in India’ product made a splash

Highlights

  • The country’s exports grew by 38.91 percent year-on-year in December 2021
  • With this increase, the figure has reached $ 37.81 billion.
  • The strongest growth came in sectors such as engineering, textiles and chemicals

New Delhi. Monthly data related to Indian exports has arrived. The country’s exports grew by 38.91 percent year-on-year in December 2021. With this increase, the figure has reached $ 37.81 billion. During this period, the strongest growth has come in sectors like engineering, textiles and chemicals, which have had an impact on the export figures.

However, let us tell you that due to the Corona crisis last year, both production and export were greatly affected. Due to which this increase is seen as shocking.

On the other hand, in December itself, the trade deficit widened to $ 21.68 billion. This information was received from government data on Friday. According to these figures, imports increased by 38.55 percent to $ 59.48 billion in December 2021.

Exports grew 49.66 per cent to $301.38 billion between April and December 2021-22. Imports during the period grew 68.91 percent to $443.82 billion, leaving a trade deficit of $142.44 billion, according to the data.

“Merchant exports stood at $37.81 billion in December 2021 from $27.22 billion in December 2020,” the commerce ministry said in a statement. This shows a positive growth of 38.91 per cent.

!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”); .

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Preparation to make FD attractive like mutual funds, suggestion to reduce tenure of tax free FD from 5 to 3 years Preparation to make FD attractive like mutual funds, suggestion to reduce the tenure of tax fre

Photo:INDIA TV Budget 2022 Highlights FDs become less attractive as […]

China going to lose the crown of economic superpower These figures are giving testimony to defeat | Is China going to lose the crown of economic superpower? These figures are giving testimony to the defeat of the dragon

Photo:PIXABAY Is China going to lose the crown of economic […]