Current Affairs Exam

Indias Monthly Goods Exports Trend

Indias monthly products export report was just released by the Ministry of Commerce and .

Highlights:

In December 2021, export demand for petroleum products, engineering products, and diamonds, and jewelry was at an all-time high.

Exports increased by 48.9% between April and December. In the first nine months, total Services exports were 179 billion dollars (Apr to Dec).

By the conclusion of the fiscal year, it is expected to reach 230 billion dollars. The Growth of export baskets is the primary reason for the increase in exports.

In December 2021, the trade imbalance was 21.99 billion dollars. It was 15.75 billion dollars last year.

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