look news india
India's exports increased by 1 percent on an annual basis to $34.99 billion in April 2024. At the same time, according to the data released by the government, the trade deficit increased to $ 19.1 billion in April, which is the highest level in the last four months.
Despite global economic uncertainties, India's exports have seen growth due to strong growth in the electronics, chemicals, petroleum and pharma sectors.
At the same time, imports have also increased in April 2024. India's exports in April increased by 10.25 percent on an annual basis to $54.09 billion.
India's imports have seen a rise as gold imports have seen a sharp rise. India's exports in April last year were $49.06 billion.
In April this year, gold import has doubled to 3.11 billion dollars. Crude oil imports increased by 20.22 percent to $16.5 billion.
The trade deficit, the difference between imports and exports, stood at $19.1 billion in April. Which was 14.44 billion dollars in April last year. The previous highest trade deficit was recorded at $19.8 billion in December 2023.
Commenting on this figure, Commerce Secretary Sunil Barthwal said that the new financial year has started on a good note and is hopeful that it will continue in the same manner for the rest of the year.
