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INDIA'S EXPORTS ROSE 4.86% IN Q1FY25, WHILE IMPORTS AND THE TRADE DEFICIT GREW FASTER

The Business Guardian

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October 17, 2024

Sunil Barthwal, Commerce Secretary said, "This is showing a consistent growth in terms of exports and similarly, the government's trust, which is coming on the ayush and apple products, because this is another area which is very difficult to penetrate in the world, global markets.

INDIA'S EXPORTS ROSE 4.86% IN Q1FY25, WHILE IMPORTS AND THE TRADE DEFICIT GREW FASTER

  • India's exports, combining merchandise and services, increased by 4.86% to USD 393.22 billion in April-September 2024-25, according to Commerce Ministry data.

India's exports, merchandise and services combined increased by 4.86 per cent year on year, standing at USD 393.22 for April-September 2024-25, as Commerce Ministry data showed on Wednesday.

However, despite growth in exports trade deficit increased to a much larger extent. Trade deficit for April-September period went up by 24.11 per cent from USD 44.18 billion to USD 54.83 billion.

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