Imports expanded by 57.55 per cent to $66.31 billion in June compared to the year-ago month, the data showed.
India’s exports are characterised by a high rate of volatility making the growth path episodic with discrete shifts from periods of low growth to periods of...
Imports during May 2022 grew by 62.83 per cent to $63.22 billion, the data showed. The trade deficit stood at $6.53 billion in the same month last year
The major export destinations of Indian alcoholic products include the United Arab Emirates, Ghana, Singapore, Congo, and Cameroon
Imports during the month too grew by 56.14 per cent to $60.62 billion
The tax reduction on petrol and diesel will lead to revenue loss of around Rs 1 lakh crore per year for the government.
In March 2021, exports stood at $35.26 billion.
Outbound shipments touched an all-time high of $40 billion in a month in March 2022