look news india
India Export: Despite tensions in Central Asia and Europe affecting global trade, merchandise exports registered a growth of 0.51 per cent in September. Whereas in the first half of the current financial year 2024-25, merchandise exports have increased by 1.02 percent. Total exports increased in September due to increase in exports of employment-oriented sectors like engineering goods, readymade garments, electronics goods, pharma.
Total exports of goods in September were $34.5 billion and imports were $55.3 billion. Due to this, the trade deficit crossed 20 billion dollars in September. Commerce Secretary Sunil Barthwal said that despite many challenges, India is performing better than other countries of the world in terms of exports of goods and services.
Including services exports, the country's total exports crossed $393 billion in April-September, five per cent higher than the same period last fiscal, he said. Merchandise exports in April-September stood at $213 billion.
The garment sector provides employment to both skilled and unskilled people. According to the Commerce Ministry, America has been India's largest export market in the current financial year. This is followed by United Arab Emirates, Netherlands, Britain and China. But India imports most from China.