India’s merchandise exports grow 21.3% year-on-year in September
The Hindu
“With the surge in imports, the merchandise trade deficit has ballooned to an all-time high in September 2021.”
India’s merchandise exports grew 21.3% year-on-year to $33.44 billion in September, and were 28.5% higher than pre-COVID levels of September 2019. Merchandise imports however grew faster to $56.38 billion, 84.75% higher than September 2020 and nearly 50% over pre-pandemic levels, as per preliminary estimates.
Total merchandise exports in the first half of the year now stand at $197.11 billion, nearly 57% higher than 2020 and 23.8% over 2019. This means exports will have to see a further pick up over the rest of the year in order to meet the government’s $400 billion target for 2021-22.
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