India’s overall exports during April to January estimated to exhibit positive growth of 17.33%

 New Delhi: India’s overall exports in the current financial year during April to January is estimated to exhibit a positive growth of 17.33 per cent over the same period last year.

The Commerce and Industry Ministry said, the merchandise exports for the April-January 2022-23 were over 369 Billion dollar as against over 340 Billion dollar during the same period last financial year.

The Ministry said, the country’s overall exports in January this year is also estimated to be over 65 billion dollar, exhibiting a positive growth of over 14  per cent over the same period last year. All agricultural commodities exports barring coffee have shown positive growth. Exports of Electronic goods have also increased by more than 50 per cent during January this year.

As India’s domestic demand has remained steady amidst the global slump, overall imports in April to January 2022-23 is estimated to exhibit a growth of over 22 per cent over the same period last year. The Ministry said, the global growth is projected to fall from an estimated 3.4 per cent in 2022 to 2.9 per cent in 2023, while India continues to shine as a bright spot with a growth of 6.8 per cent in 2022 and 6.1 per cent in 2023.