Indian exports industry touches $61.10 billion in September 2022

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    According to government figures given by the Ministry of Commerce and Industry on 14 October, India’s total exports in September 2022 are projected to reach $61.10 billion, representing an increase of 10.24% over the same period in 2018.

    While the total imports are anticipated to reach $76.26 billion in September 2022, representing a rise of 10.73% over September 2021.

    According to government data, the merchandise exports increased positively by 4.82 percent from $33.81 billion in September 2021 to $35.45 billion in September 2022.

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    Additionally, the value of goods imported in September 2022 totaled $61.16 billion, an increase of 8.66% from the $56.29 billion imported in the same month the previous year.

    The value of goods exported between April and September 2022 was $231.88 billion, up from $198.25 billion during the same period in 2021, representing a rise of 16.96%.

    credit: businessinsider

    While the imports of goods increased by 38.55 percent to $380.34 billion between April and September 2022 from $274.50 billion in 2021.

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    The non-petroleum, non-gems, and non-jewelry exports from April to September 2022 were $160.00 billion, up 6.41 percent from the same period in 2021.

    The imports of these goods were $223.99 billion in April through September 2022, an increase of 35.18% from the $165.70 billion in April through September 2021, according to the data.

    According to a government announcement, the balance in the services trade is predicted to reach $10.56 billion in September 2022, an increase of 16.94% above the expected $9.03 billion in September 2021.

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