India got milestone in merchandise export

India got milestone in merchandise export

Team Ambitiousbaba are here with a Current Affairs Special Series. In this series, candidates will be introduced to current affairs topics daily, which will not only improve their general awareness but also will ensure that the candidates do not lack in any current affairs topic. Today’s Current Affairs topic is “India got milestone in merchandise export”

India has reached at a milestone of a monthly value of merchandise export of 38.19 billion US dollar in the last month. It demonstrates an increase of around 24 percent as compared to the export registered in the same period last year.

Data on growth of Exports:

The value of non-petroleum exports of April is 30.46 billion US dollar which has seen a growth of 12.32 percent in export against the corresponding period last year.  On the other hand, the value of non-petroleum and non-gems and jewelry exports in April is 27.16 billion US dollar which also registered a growth of 14.38 percent as compared to the exports recorded in the same period last year. Petroleum products 113.21 percent, Electronic goods 64.04 percent and Chemicals 26.71 percent headed the way in a high increase in exports during last month.

Data on Imports:

Merchandise import of India is registered at 58.26 billion US dollar in the month of April. Merchandise import of India in April registered an increase of 26.55 percent over 46.04 billion US dollar in April last year.

The value of non-petroleum imports is 38.75 billion US dollar in last month with a positive growth of 9.87 percent over non-petroleum imports of 35.27 billion US dollar in April last year. The trade deficit in the month of April is recorded at 20.07 billion US dollar.

Question & Answer:

Q1. What is the value of monthly merchandise export in April 2022?

Ans. 38.19 billion US dollar

Q2. What is the value of Merchandise import of India in the month of April?

Ans. 58.26 billion US dollar

Q3. Trade deficit for April 2022 is recorded at how much billion US dollar?

Ans. 20.07 billion US dollar

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