Indias exports rise by 38.91% to $37.81 billion in December
India has major opportunities 'in low-skill manufacturing and services, which it could exploit in the post-COVID-19 environment where firms are looking to exit China and diversify their sources of supply'.

India's exports rise by 38.91% to $37.81 billion in December

India’s exports surged by 38.91 per cent on an annual basis in December 2021 to $37.81 billion, due to healthy performance by sectors such as engineering, textiles and chemicals, even as the trade deficit widened to $21.68 billion during the month.

According to government data released on Friday, the imports also increased in December 2021 by 38.55 per cent to $59.48 billion.

During April-December 2021-22, exports rose by 49.66 per cent to $301.38 billion.

Imports during the period surged by 68.91 per cent to $443.82 billion, leaving a trade deficit of $142.44 billion, the data showed.

Also read: Spike in retail inflation worrying, but industrial output growth offers relief

“Merchandise exports in December 2021 were $37.81 billion, as compared to $27.22 billion in December 2020, exhibiting a positive growth of 38.91 per cent. As compared to December 2019, exports in December 2021 exhibited a positive growth of 39.47 per cent,” the Commerce Ministry said in a statement.

(With inputs from Agencies)

Read More
Next Story