India’s Export Hike: There is a good jump in India’s exports every month. India’s merchandise exports grew by 20.55 percent to $ 38.94 billion in May 2022, while the trade deficit widened to a record $ 24.29 billion. This information has been received from the government data released on Wednesday.
reached $63.22 billion
According to the data, during May 2022, imports increased by 62.83 percent to $ 63.22 billion. At the same time, in May 2021, the trade deficit was $ 6.53 billion. The cumulative exports during the month of April-May of the current financial year (2022-23) grew by almost 25 per cent to reach US$ 78.72 billion.
How much did imports increase?
Let us tell you that in April-May 2022-23, imports increased by 45.42 percent to $ 123.41 billion.
How was it in the month of April?
Apart from this, in the month of April, India’s export of goods has increased by 24.22 percent to $ 38.19 billion in the last month. During this, the trade deficit also increased to $ 20 billion.
Import of crude oil also increased last month
Last month, crude oil imports increased by 81.21 percent in April to reach $ 19.5 billion. Coal, coke imports jumped to $4.8 billion in the first month of the financial year 2022-23 from $2 billion in the same month a year ago. If we talk about the import of gold, then in April 2021 it was $ 6.23 billion. At the same time, in April 2022, it was reduced to $ 1.68.