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India’s exports decreased by 3.52 percent in September – imports increased by 5.44 percent, know how much was exported

India Export Reduced: There has been a decline in the country’s exports last month and imports have increased. Its effect is being seen on the trade deficit. India’s exports declined by 3.52 per cent to $32.62 billion in September this year from $33.81 billion in September last year. At the same time, the trade deficit has increased to $ 26.72 billion.

commerce ministry released primary data
The Ministry of Commerce released the primary data in this regard on Monday. According to the commerce ministry, however, the country’s imports increased by 5.44 per cent to $59.35 billion in September this year from $56.29 billion in September last year. The country’s exports declined in the last month, while the import figures have seen an increase.

Total exports and imports increased in the first half of the year
According to government data, exports grew 15.54 per cent to $229.05 billion during April-September in the fiscal year 2022-23. Imports during this period increased by 37.89 percent to $ 378.53 billion. While the country’s exports have increased in the first six months of the year, imports have been at a much higher level, due to which the figure of trade deficit has also increased.

The country’s trade deficit also increased in the first half of the year
According to the ministry, the trade deficit widened to $149.47 billion in the first half of this fiscal as compared to $76.25 billion in April-September, 2021-22. The increasing trade deficit of the country means that the figure of imports is exceeding that of exports. This year the country’s trade deficit has come close to about $ 150 billion, which can be a matter of concern.

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