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NEW DELHI: India’s commerce deficit rose 87.5 per cent to $192.41 billion in 2021-22 as towards $102.63 billion within the earlier yr, the federal government knowledge confirmed on Monday.
Whereas whole exports throughout final fiscal yr elevated to a report excessive of $417.81 billion, imports too soared to $610.22 billion, leaving a commerce hole of $192.41 billion.
“India’s merchandise import in April 2021-March 2022 was $610.22 billion, a rise of 54.71 per cent over $394.44 billion in April 2020-March 2021 and a rise of 28.55 per cent over $474.71 billion in April 2019-March 2020,” mentioned a launch by ministry of commerce and trade.
The commerce deficit in March 2022 was $18.69 billion, whereas it was $192.41 billion throughout total 2021-22.
For the primary time, India’s month-to-month merchandise exports exceeded $40 billion, reaching $40.38 billion in March 2022, a rise of 14.53 per cent over $35.26 billion within the year-ago month, the discharge mentioned.
It was up by 87.89 per cent over $21.49 billion in March 2020.
The ministry mentioned the nation’s merchandise import final month stood at $59.07 billion, a rise of 20.79 per cent over $48.90 billion within the year-ago interval. It was up 87.68 per cent over $31.47 billion in March 2020.
Throughout March 2022, the worth of non-petroleum exports stood at $33 billion, registering a development of 4.28 per cent over $31.65 billion in the identical month a yr in the past.
Non-petroleum exports grew by 74 per cent from $18.97 billion in March 2020.
Non-petroleum import stood at $40.66 billion throughout March 2022, exhibiting an increase of 5.26 per cent over $38.63 billion within the year-ago month. It was up by 89.79 per cent from $21.42 billion in March 2020, confirmed the information from the ministry.
Whereas whole exports throughout final fiscal yr elevated to a report excessive of $417.81 billion, imports too soared to $610.22 billion, leaving a commerce hole of $192.41 billion.
“India’s merchandise import in April 2021-March 2022 was $610.22 billion, a rise of 54.71 per cent over $394.44 billion in April 2020-March 2021 and a rise of 28.55 per cent over $474.71 billion in April 2019-March 2020,” mentioned a launch by ministry of commerce and trade.
The commerce deficit in March 2022 was $18.69 billion, whereas it was $192.41 billion throughout total 2021-22.
For the primary time, India’s month-to-month merchandise exports exceeded $40 billion, reaching $40.38 billion in March 2022, a rise of 14.53 per cent over $35.26 billion within the year-ago month, the discharge mentioned.
It was up by 87.89 per cent over $21.49 billion in March 2020.
The ministry mentioned the nation’s merchandise import final month stood at $59.07 billion, a rise of 20.79 per cent over $48.90 billion within the year-ago interval. It was up 87.68 per cent over $31.47 billion in March 2020.
Throughout March 2022, the worth of non-petroleum exports stood at $33 billion, registering a development of 4.28 per cent over $31.65 billion in the identical month a yr in the past.
Non-petroleum exports grew by 74 per cent from $18.97 billion in March 2020.
Non-petroleum import stood at $40.66 billion throughout March 2022, exhibiting an increase of 5.26 per cent over $38.63 billion within the year-ago month. It was up by 89.79 per cent from $21.42 billion in March 2020, confirmed the information from the ministry.
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