India’s export of goods grew by 24.22 percent to $ 38.19 billion in April 2022. The commerce ministry said on Tuesday that there has been a strong growth in exports in April due to the good performance of sectors such as petroleum products, electronics and chemical products.
increase in importsAccording to the ministry, the country’s imports also increased by 26.55 percent to $ 58.26 billion during the last month. At the same time, the trade deficit increased to $ 20.07 billion in April 2022. It stood at $15.29 billion in the same period a year ago.
Last financial year: Explain that India’s goods exports reached a record level of $ 418 billion in the financial year 2021-22 due to the better performance of petroleum products, engineering goods, gems and jewelery and chemicals sectors. The country exported 40 billion dollars in March 2022, which is the highest level of exports in a month. Earlier, in March 2021, the export figure was $ 34 billion.