NEW DELHI, Nov 16 (NNN-PTI) – India’s overall exports, including merchandise and services, are estimated to be 56.51 billion U.S. dollars in Oct, 2021, up 35.16 percent over the same period last year, said an official statement issued yesterday.
The data, released by the Ministry of Commerce and Industry, also showed that exports registered a growth of 29.13 percent over Oct, 2019.
Overall imports in Oct are estimated to be 68.09 billion U.S. dollars, up 57.32 percent over the same period last year, and a growth of 40.82 percent over Oct, 2019.
India’s overall exports, including merchandise and services, are estimated to be 369.39 billion U.S. dollars in Apr-Oct, 2021, exhibiting a growth of 39.83 percent over the same period last year, and up 19.97 percent over Apr-Oct, 2019, added the statement.
Overall imports in Apr-Oct, 2021, are estimated to be 409.30 billion U.S. dollars, up 63.64 percent over the same period last year and a growth of 13.57 percent over Apr-Oct, 2019.
Commenting on the trade data, president of the Federation of Indian Export Organisations (FIEO), A. Sakthivel said, the monthly export performance signifies the importance of opening up and further recovery of economies across the globe, coupled with buoyant order booking position across sectors.
“This has not only added positive sentiment for exports but has also further enthused the exporters to perform with much more vigour and zeal, thereby achieving the 400 billion-U.S. dollar merchandise exports target, in the current fiscal,” said the FIEO chief.– NNN-PTI
